RPM International (NYSE:RPM) Now Covered by Citigroup

Citigroup began coverage on shares of RPM International (NYSE:RPM - Free Report) in a research report report published on Monday, MarketBeat reports. The firm issued a buy rating and a $135.00 price target on the specialty chemicals company's stock.

Several other analysts have also issued reports on RPM. Robert W. Baird cut their target price on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen lowered shares of RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reduced their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $123.27.

RPM International Trading Down 0.1%

RPM International stock traded down $0.13 during mid-day trading on Monday, reaching $115.38. 395,860 shares of the company traded hands, compared to its average volume of 684,673. The firm's 50 day moving average price is $109.32 and its 200 day moving average price is $119.93. RPM International has a 52-week low of $95.28 and a 52-week high of $141.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the business posted $0.52 EPS. The business's quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.77%. RPM International's dividend payout ratio (DPR) is presently 40.88%.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock valued at $336,198,000 after purchasing an additional 79,256 shares during the period. Bank of New York Mellon Corp lifted its holdings in RPM International by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock valued at $176,034,000 after buying an additional 87,540 shares in the last quarter. GW&K Investment Management LLC boosted its position in RPM International by 0.3% in the 1st quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company's stock valued at $70,370,000 after buying an additional 2,048 shares during the period. Boston Trust Walden Corp grew its stake in RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company's stock worth $62,712,000 after acquiring an additional 15,602 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in RPM International by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock worth $39,143,000 after acquiring an additional 33,016 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.