RPM International (NYSE:RPM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of RPM International Inc. (NYSE:RPM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $106.49 and traded as high as $117.77. RPM International shares last traded at $115.76, with a volume of 947,472 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley decreased their price target on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Finally, Citigroup lifted their target price on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Stock Down 1.5%

The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.36 and a beta of 1.04. The stock has a 50 day simple moving average of $108.27 and a 200 day simple moving average of $106.52. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. RPM International’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts expect that RPM International Inc. will post 6.02 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is 41.86%.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ares Financial Consulting LLC bought a new position in RPM International in the 4th quarter valued at about $37,000. Danske Bank A S bought a new stake in RPM International during the 2nd quarter worth approximately $47,000. Rothschild Investment LLC raised its stake in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after purchasing an additional 549 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of RPM International in the fourth quarter worth approximately $60,000. Finally, USA Financial Formulas bought a new position in shares of RPM International in the first quarter valued at approximately $67,000. 80.95% of the stock is owned by institutional investors.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.