RPM International Inc. (NYSE:RPM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

RPM International Inc. (NYSE:RPM) has received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Six 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 on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $122.10.

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley cut their target price on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Finally, Robert W. Baird decreased their price target on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th.

Hedge Funds Weigh In On RPM International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in RPM International by 12,321.2% in the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock valued at $31,367,000 after buying an additional 268,971 shares during the period. Fairway Wealth LLC boosted its position in shares of RPM International by 50,413.3% during the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock worth $25,536,000 after acquiring an additional 220,306 shares in the last quarter. Bank of New York Mellon Corp increased its stake in RPM International by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after acquiring an additional 87,540 shares during the last quarter. Geode Capital Management LLC lifted its stake in RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after purchasing an additional 79,256 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in RPM International by 39.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company’s stock worth $34,404,000 after purchasing an additional 78,828 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Trading Down 0.3 %

NYSE RPM opened at $110.52 on Friday. The company has a market cap of $14.19 billion, a PE ratio of 21.84, a PEG ratio of 1.97 and a beta of 1.08. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79. The stock has a 50 day moving average of $110.54 and a 200-day moving average of $122.12. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last released its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts anticipate that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, April 17th. RPM International’s dividend payout ratio is currently 40.88%.

About RPM International

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.