Analysts Set RPM International Inc. (NYSE:RPM) Price Target at $126.00

RPM International Inc. (NYSE:RPM) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $126.00.

Several equities research analysts recently issued reports on the company. 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. Royal Bank Of Canada increased their target price on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $118.00 to $130.00 in a report on Wednesday, May 27th. Finally, Bank of America increased their price target on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL bought a new stake in RPM International during the second quarter valued at $402,000. Gabelli Funds LLC purchased a new stake in shares of RPM International during the 2nd quarter valued at $1,534,000. California State Teachers Retirement System lifted its holdings in shares of RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after acquiring an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after acquiring an additional 888 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew 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 acquiring an additional 594 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Stock Down 2.0%

Shares of NYSE RPM opened at $101.99 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The company has a market capitalization of $13.01 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The company’s 50 day moving average price is $108.96 and its 200-day moving average price is $106.20. RPM International has a 52-week low of $92.92 and a 52-week high of $128.51.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $1.72 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that RPM International will post 6 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th were given a $0.54 dividend. The ex-dividend date was Tuesday, July 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.1%. RPM International’s payout ratio is 41.86%.

About RPM International

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.