RPM International (NYSE:RPM) Releases Quarterly Earnings Results

Key Points

• RPM International reported quarterly earnings of $1.88 per share, surpassing the consensus estimate of $1.87, with revenues reaching $2.11 billion, a 7.4% increase from the previous year.
• The company has a net margin of 9.34% and a return on equity of 24.94%, reflecting strong financial health.
• RPM’s stock has seen several institutions increasing their stakes, with California State Teachers Retirement System boosting its holdings by 21.7% in the second quarter.

RPM International (NYSE:RPM - Get Free Report) announced its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01, Zacks reports. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the firm earned $1.84 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year.

RPM International Trading Up 0.8%

NYSE RPM opened at $117.99 on Wednesday. The stock has a market cap of $15.14 billion, a P/E ratio of 22.05, a PEG ratio of 1.94 and a beta of 1.04. The company's fifty day simple moving average is $122.46 and its 200-day simple moving average is $114.82. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79.

Insider Transactions at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares of the company's stock, valued at $882,547.84. This represents a 11.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in shares of RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company's stock worth $39,096,000 after buying an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company's stock worth $37,260,000 after purchasing an additional 888 shares during the last quarter. Captrust Financial Advisors lifted its holdings in RPM International by 13.2% during the 2nd quarter. Captrust Financial Advisors now owns 16,519 shares of the specialty chemicals company's stock worth $1,814,000 after buying an additional 1,927 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of RPM International in the 2nd quarter valued at approximately $1,534,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in RPM International by 5.2% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company's stock worth $1,321,000 after purchasing an additional 594 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on RPM shares. UBS Group lifted their price objective on RPM International from $126.00 to $127.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 24th. Wells Fargo & Company boosted their price target on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Mizuho increased their price objective on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Bank of America raised shares of RPM International from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada raised their price target on shares of RPM International from $115.00 to $125.00 and gave the stock a "sector perform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.82.

RPM International Company Profile

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.

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