BMO Capital Markets Issues Positive Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Free Report) had its price target increased by BMO Capital Markets from $126.00 to $140.00 in a report issued on Friday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty chemicals company's stock.

Other research analysts have also issued research reports about the company. Morgan Stanley reduced their price objective on RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Fermium Researc upgraded shares of RPM International to a "hold" rating in a research note on Wednesday, April 9th. Royal Bank of Canada reduced their price objective on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a research note on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Citigroup assumed coverage on shares of RPM International in a research note on Monday, June 2nd. They set a "buy" rating and a $135.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.55.

RPM International Stock Up 0.1%

Shares of RPM International stock traded up $0.14 during trading on Friday, hitting $115.67. The company's stock had a trading volume of 549,150 shares, compared to its average volume of 687,721. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company has a fifty day simple moving average of $109.23 and a two-hundred day simple moving average of $119.27. The company has a market capitalization of $14.85 billion, a PE ratio of 22.86, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79.

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

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.76%. RPM International's dividend payout ratio (DPR) is currently 40.88%.

Institutional Trading of RPM International

Several large investors have recently modified their holdings of RPM. EverSource Wealth Advisors LLC grew its holdings in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 84 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of RPM International by 43.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 118 shares during the period. Farther Finance Advisors LLC grew its position in RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after buying an additional 155 shares during the period. Fairway Wealth LLC grew its position in RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 390 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in RPM International by 148.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 320 shares during the period. 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.