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

RPM International Inc. (NYSE:RPM) has received an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $132.00.

Several analysts have recently commented on the company. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Morgan Stanley raised their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. cut their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, Mizuho cut their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday.

RPM International Stock Performance

Shares of RPM stock opened at $120.59 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $131.24 and a two-hundred day simple moving average of $123.30. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79. The firm has a market capitalization of $15.52 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. RPM International’s dividend payout ratio is 40.32%.

Insider Activity

In related news, CAO Michael J. Laroche sold 3,615 shares of the company’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 value of $459,611.10. Following the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the firm’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 in the company, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,927 shares of company stock worth $1,037,214 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. lifted its holdings in shares of RPM International by 7.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company’s stock worth $377,000 after acquiring an additional 216 shares during the last quarter. Pensionfund Sabic bought a new stake in RPM International during the fourth quarter worth about $1,354,000. GAMMA Investing LLC boosted its holdings in shares of RPM International by 12.8% in the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of RPM International during the 3rd quarter valued at about $1,295,000. Finally, Toronto Dominion Bank raised its holdings in shares of RPM International by 33.0% during the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after buying an additional 4,062 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

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.