RPM International Inc. (NYSE:RPM) Receives $131.09 Average PT from Brokerages

Shares of RPM International Inc. (NYSE:RPM) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $131.0909.

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. BMO Capital Markets increased their target price on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Morgan Stanley increased their target price on shares of RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. UBS Group increased their target price on shares of RPM International from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Mizuho increased their target price on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th.

Insider Buying and Selling at RPM International

In related news, Director Frederick R. Nance sold 1,000 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the sale, the director owned 7,394 shares in the company, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in RPM International by 13.2% in the second quarter. Captrust Financial Advisors now owns 16,519 shares of the specialty chemicals company’s stock worth $1,814,000 after purchasing an additional 1,927 shares in the last quarter. Lazard Asset Management LLC raised its position in RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in RPM International by 5.2% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock worth $1,321,000 after purchasing an additional 594 shares in the last quarter. Ameriprise Financial Inc. raised its position in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 888 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after purchasing an additional 63,532 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

NYSE:RPM opened at $124.07 on Friday. RPM International has a 1 year low of $95.28 and a 1 year high of $141.79. The firm’s fifty day simple moving average is $121.31 and its 200 day simple moving average is $114.92. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $15.92 billion, a PE ratio of 23.19, a PEG ratio of 2.04 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.12. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $1.56 EPS. RPM International’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that RPM International will post 5.5 EPS for the current year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 15th. RPM International’s dividend payout ratio (DPR) is presently 38.13%.

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.