RPM International Inc. (NYSE:RPM) Stock Has Average Price Target of $125.75

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $125.75.

RPM has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. BMO Capital Markets boosted their price target on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upped their price objective on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Bank of America lifted their target price on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Morgan Stanley reduced their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd.

RPM International Price Performance

RPM stock opened at $100.48 on Tuesday. The company has a 50 day simple moving average of $106.53 and a 200 day simple moving average of $104.67. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 2.05 and a beta of 1.05. RPM International has a 1 year low of $92.92 and a 1 year high of $121.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16.

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, beating analysts’ consensus estimates of $1.83 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. Research analysts anticipate that RPM International will post 5.99 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 2.1%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio is currently 41.86%.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently bought and sold shares of RPM. Operose Advisors LLC bought a new stake in shares of RPM International during the 2nd quarter valued at about $26,000. Saudi Central Bank increased its holdings in RPM International by 89.0% in the second quarter. Saudi Central Bank now owns 8,934 shares of the specialty chemicals company’s stock worth $993,000 after purchasing an additional 4,207 shares in the last quarter. Syon Capital LLC increased its holdings in RPM International by 10.4% in the second quarter. Syon Capital LLC now owns 4,688 shares of the specialty chemicals company’s stock worth $521,000 after purchasing an additional 442 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in RPM International in the second quarter valued at approximately $201,000. Finally, Dearborn Partners LLC bought a new position in shares of RPM International during the 2nd quarter worth approximately $9,282,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc (NYSE:RPM) is a multinational manufacturer of specialty coatings, sealants, adhesives, and related products. The company serves the construction, industrial, automotive, marine, consumer, and specialty markets through a portfolio of businesses that develop products for protecting, repairing, and enhancing residential, commercial, and industrial surfaces.

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.