RPM International Inc. (NYSE:RPM) Receives $122.10 Consensus Price Target from Brokerages

RPM International Inc. (NYSE:RPM) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $122.10.

RPM has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Fermium Researc raised shares of RPM International to a “hold” rating in a research note on Wednesday, April 9th. Morgan Stanley lowered their price objective on shares of RPM International from $125.00 to $113.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets lowered their price objective on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st.

RPM International Stock Performance

NYSE RPM opened at $114.33 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International has a 52-week low of $95.28 and a 52-week high of $141.79. The business’s 50-day moving average price is $110.33 and its 200 day moving average price is $121.91. The firm has a market cap of $14.68 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.97 and a beta of 1.08.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.52 EPS. RPM International’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts expect that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.78%. RPM International’s payout ratio is 40.88%.

Institutional Trading of RPM International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPM. Geode Capital Management LLC boosted its position in RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock valued at $336,198,000 after buying an additional 79,256 shares in the last quarter. Bank of New York Mellon Corp boosted its position in RPM International by 6.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after buying an additional 87,540 shares in the last quarter. GW&K Investment Management LLC boosted its position in RPM International by 0.3% in the first quarter. GW&K Investment Management LLC now owns 608,318 shares of the specialty chemicals company’s stock valued at $70,370,000 after buying an additional 2,048 shares in the last quarter. Boston Trust Walden Corp boosted its position in RPM International by 3.2% in the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after buying an additional 15,602 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in RPM International by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company’s stock valued at $37,577,000 after buying an additional 12,579 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

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.