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

RPM International Inc. (NYSE:RPM) has been given an average recommendation of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $129.70.

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on shares of 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 RPM International stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock worth $1,443,549 over the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted 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 last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after purchasing an additional 194,215 shares during the period. Geode Capital Management LLC lifted its stake 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 valued at $320,851,000 after buying an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in RPM International by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the period. Finally, Forsta AP Fonden grew its stake in RPM International by 166.7% in the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after buying an additional 43,000 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

RPM opened at $131.47 on Wednesday. RPM International has a 1-year low of $100.82 and a 1-year high of $141.79. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.98 and a beta of 1.00. The company’s fifty day moving average price is $133.87 and its two-hundred day moving average price is $121.77. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $1.64 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Friday, October 18th. This is an increase from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio (DPR) 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.