RPM International Inc. (NYSE:RPM) Receives Average Rating of “Hold” from Brokerages

Shares of RPM International Inc. (NYSE:RPM – Get Rating) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $93.40.

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered their price target on shares of RPM International from $92.00 to $87.00 and set a “neutral” rating on the stock in a research report on Monday, April 10th. BMO Capital Markets lowered their price target on shares of RPM International from $112.00 to $97.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of RPM International from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, April 10th. Bank of America lifted their target price on shares of RPM International from $85.00 to $89.00 and gave the stock an “underperform” rating in a research note on Monday, April 10th. Finally, Wells Fargo & Company reduced their target price on shares of RPM International from $92.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, April 7th.

RPM International Stock Up 0.1 %

Shares of NYSE RPM opened at $80.74 on Tuesday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95. RPM International has a 52-week low of $74.56 and a 52-week high of $106.50. The company’s 50-day simple moving average is $83.16 and its 200-day simple moving average is $90.31. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 1.37.

RPM International (NYSE:RPM – Get Rating) last posted its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.47 billion. RPM International had a net margin of 7.29% and a return on equity of 27.66%. RPM International’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. Equities analysts predict that RPM International will post 4.26 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Thursday, April 13th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, April 12th. RPM International’s payout ratio is currently 41.18%.

Insider Buying and Selling

In related news, SVP Edward W. Moore sold 6,626 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $80.61, for a total transaction of $534,121.86. Following the sale, the senior vice president now directly owns 49,460 shares of the company’s stock, valued at approximately $3,986,970.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other RPM International news, CFO Russell L. Gordon sold 11,901 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $82.80, for a total transaction of $985,402.80. Following the completion of the transaction, the chief financial officer now owns 116,018 shares in the company, valued at approximately $9,606,290.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward W. Moore sold 6,626 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $80.61, for a total transaction of $534,121.86. Following the transaction, the senior vice president now owns 49,460 shares of the company’s stock, valued at approximately $3,986,970.60. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in RPM International by 38.8% during the 4th quarter. Russell Investments Group Ltd. now owns 108,690 shares of the specialty chemicals company’s stock worth $10,651,000 after purchasing an additional 30,407 shares during the period. Congress Asset Management Co. MA boosted its stake in RPM International by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 125,724 shares of the specialty chemicals company’s stock worth $12,252,000 after purchasing an additional 941 shares during the period. Cozad Asset Management Inc. boosted its stake in RPM International by 1.1% during the 3rd quarter. Cozad Asset Management Inc. now owns 33,267 shares of the specialty chemicals company’s stock worth $2,771,000 after purchasing an additional 348 shares during the period. Parisi Gray Wealth Management acquired a new stake in RPM International during the 4th quarter worth $203,000. Finally, Desjardins Global Asset Management Inc. acquired a new stake in RPM International during the 4th quarter worth $80,000. Institutional investors and hedge funds own 81.50% of the company’s stock.

RPM International Company Profile

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RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group, and Specialty Products Group (SPG).