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

Shares of RPM International Inc. (NYSE:RPM) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $132.00.

A number of research firms have issued reports on RPM. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. Finally, Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th.

RPM International Stock Performance

Shares of RPM stock opened at $115.75 on Friday. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.97 and a beta of 1.00. RPM International has a 1-year low of $103.69 and a 1-year high of $141.79. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $122.19 and its 200-day simple moving average is $126.63.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS. On average, sell-side analysts predict that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, January 17th. RPM International’s dividend payout ratio is 40.32%.

Institutional Trading of RPM International

Large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in RPM International by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after acquiring an additional 79,256 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of RPM International by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after purchasing an additional 87,540 shares during the last quarter. GW&K Investment Management LLC lifted its position in shares of RPM International by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock worth $74,607,000 after purchasing an additional 4,536 shares during the last quarter. Boston Trust Walden Corp boosted its stake in RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after purchasing an additional 15,602 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in RPM International by 4.3% in the 4th quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company’s stock valued at $37,577,000 after buying an additional 12,579 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

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.