RPM International (NYSE:RPM) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• RPM International shares rose above their 200-day moving average, reaching $117.77 and closing near $115.76, compared with the $106.49 long-term average.
• The company reported a quarterly earnings and revenue beat: adjusted EPS was $1.89 versus the $1.83 consensus, while revenue rose 7.2% year over year to $2.23 billion.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of $126.00. RPM also pays a quarterly dividend of $0.54, representing a 1.9% yield.

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $106.49 and traded as high as $117.77. RPM International shares last traded at $115.76, with a volume of 947,472 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup upped their price objective on RPM International from $125.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Morgan Stanley cut their price target on shares of RPM International from $121.00 to $117.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of RPM International from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. BMO Capital Markets raised their price objective on shares of RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, RPM International currently has an average rating of "Moderate Buy" and a consensus target price of $126.00.

RPM International Price Performance

The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $108.04 and a 200 day moving average price of $106.49. The stock has a market cap of $14.79 billion, a PE ratio of 22.43, a PEG ratio of 2.39 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that RPM International Inc. will post 6.02 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. RPM International's payout ratio is 41.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in RPM International during the 2nd quarter valued at $1,456,684,000. Bank of New York Mellon Corp purchased a new stake in shares of RPM International during the second quarter worth $118,220,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of RPM International in the fourth quarter worth $54,307,000. California State Teachers Retirement System boosted its holdings in shares of RPM International by 14.5% in the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company's stock worth $41,065,000 after acquiring an additional 49,979 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company's stock valued at $37,260,000 after purchasing an additional 888 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company's Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.

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