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

Shares of RPM International Inc. (NYSE:RPM) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Five research 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 brokerages that have updated their coverage on the stock in the last year is $132.00.

A number of research firms have recently weighed in on RPM. Morgan Stanley increased 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. Deutsche Bank Aktiengesellschaft raised their price target 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $134.00 to $140.00 in a research note on Wednesday. Finally, Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday.

Insider Activity

In other RPM International news, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,474,315.44. This represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,927 shares of company stock worth $1,037,214 in the last quarter. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of RPM International during the third quarter valued at approximately $1,295,000. Christopher J. Hasenberg Inc purchased a new position in RPM International during the third quarter valued at $35,000. National Pension Service boosted 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 acquiring an additional 10,317 shares in the last quarter. One Capital Management LLC boosted its holdings in RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares in the last quarter. Finally, Hardin Capital Partners LLC purchased a new stake in shares of RPM International in the second quarter worth $363,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Performance

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

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

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.69%. RPM International’s dividend payout ratio (DPR) is 40.32%.

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.