Brokerages Set RPM International Inc. (NYSE:RPM) Price Target at $129.70

RPM International Inc. (NYSE:RPM) has been given an average rating of “Hold” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $129.70.

A number of brokerages have weighed in on RPM. Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Royal Bank of Canada lifted their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, UBS Group lowered their price objective on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th.

RPM International Stock Up 0.8 %

NYSE RPM opened at $129.49 on Tuesday. The stock’s 50 day simple moving average is $123.32 and its 200 day simple moving average is $115.58. RPM International has a one year low of $88.84 and a one year high of $134.56. The firm has a market cap of $16.67 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that RPM International will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a $0.51 dividend. The ex-dividend date is Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.58%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insider Activity

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,957 shares of company stock valued at $7,528,522 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc bought a new position in RPM International in the third quarter valued at $35,000. Cambridge Trust Co. increased its stake in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares during the last quarter. Eastern Bank bought a new stake in RPM International during the 3rd quarter worth about $41,000. Finally, UMB Bank n.a. boosted its stake in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 281 shares during the last quarter. 80.95% of the stock is currently 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.