RPM International (NYSE:RPM) Shares Gap Up After Earnings Beat

RPM International Inc. (NYSE:RPM - Get Free Report)'s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $112.95, but opened at $121.86. RPM International shares last traded at $123.21, with a volume of 661,628 shares trading hands.

The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.12. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the company earned $1.56 EPS. RPM International's quarterly revenue was up 3.7% compared to the same quarter last year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.68%. RPM International's payout ratio is 38.13%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RPM. Fermium Researc upgraded shares of RPM International to a "hold" rating in a report on Wednesday, April 9th. 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. BMO Capital Markets increased their target price on shares of RPM International from $140.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley increased their target price on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, UBS Group raised their target price on shares of RPM International from $110.00 to $119.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $131.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 118 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after purchasing an additional 344 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock worth $106,000 after buying an additional 384 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company's stock worth $118,000 after buying an additional 239 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

RPM International Stock Down 1.0%

The stock has a market cap of $15.61 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.16. The company's 50-day moving average price is $112.58 and its 200 day moving average price is $114.95.

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.