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

RPM International Inc. (NYSE:RPM) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $132.00.

Several equities research analysts have recently commented on RPM shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $134.00 to $140.00 in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley lifted their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th.

Insider Buying and Selling at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after buying an additional 145,070 shares during the period. Pacer Advisors Inc. grew its holdings in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after purchasing an additional 1,919 shares in the last quarter. National Pension Service raised its holdings in RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of RPM International by 2,975.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after purchasing an additional 194,215 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Price Performance

Shares of RPM International stock opened at $122.36 on Friday. RPM International has a twelve month low of $103.63 and a twelve month high of $141.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The firm has a market cap of $15.75 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The firm’s 50-day simple moving average is $131.36 and its 200-day simple moving average is $123.12.

RPM International (NYSE:RPM) last released its quarterly earnings data 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 analyst estimates of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 EPS. As a group, research analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. RPM International’s payout ratio is 42.77%.

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.