RPM International Inc. (NYSE:RPM) Receives Consensus Rating of “Hold” from Analysts

Shares of RPM International Inc. (NYSE:RPMGet Rating) have been given an average recommendation of “Hold” by the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $97.78.

Several research firms have recently issued reports on RPM. KeyCorp started coverage on RPM International in a research note on Wednesday, December 14th. They set a “sector weight” rating for the company. Wells Fargo & Company boosted their price objective on RPM International from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, October 10th. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $90.00 to $100.00 in a research report on Thursday, October 6th. Royal Bank of Canada boosted their price objective on RPM International from $85.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 6th. Finally, Robert W. Baird cut their price objective on RPM International from $100.00 to $92.00 in a research report on Friday, January 6th.

RPM International Stock Performance

RPM opened at $86.81 on Wednesday. The company has a market cap of $11.21 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The stock has a 50-day moving average of $98.76 and a 200-day moving average of $92.45. RPM International has a 52-week low of $74.56 and a 52-week high of $106.50. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.49 and a current ratio of 2.57.

RPM International (NYSE:RPMGet Rating) last released its quarterly earnings results on Thursday, January 5th. The specialty chemicals company reported $1.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.10. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. RPM International had a return on equity of 28.55% and a net margin of 7.46%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, equities research analysts forecast that RPM International will post 4.53 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $1.68 annualized dividend and a yield of 1.94%. RPM International’s dividend payout ratio (DPR) is 40.78%.

Insider Buying and Selling at RPM International

In other news, CEO Frank C. Sullivan sold 65,000 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $92.60, for a total value of $6,019,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,050,706 shares of the company’s stock, valued at approximately $97,295,375.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Frank C. Sullivan sold 65,000 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $92.60, for a total value of $6,019,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,050,706 shares of the company’s stock, valued at approximately $97,295,375.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederick R. Nance sold 477 shares of the stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $89.98, for a total value of $42,920.46. Following the completion of the transaction, the director now directly owns 10,472 shares of the company’s stock, valued at $942,270.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. grew its position in RPM International by 9.0% during the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock worth $19,039,000 after acquiring an additional 19,318 shares during the last quarter. Cowa LLC grew its position in RPM International by 9,901.1% during the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 319,411 shares during the last quarter. Ancora Advisors LLC grew its position in RPM International by 11.5% during the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in RPM International by 26.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 39,313 shares of the specialty chemicals company’s stock worth $3,202,000 after acquiring an additional 8,319 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in RPM International by 18.3% during the 1st quarter. Neuberger Berman Group LLC now owns 23,423 shares of the specialty chemicals company’s stock worth $1,908,000 after acquiring an additional 3,625 shares during the last quarter. 81.50% of the stock is owned by institutional investors and hedge funds.

About RPM International

(Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.

Further Reading

Analyst Recommendations for RPM International (NYSE:RPM)

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