RPM International (NYSE:RPM) had its price target boosted by BMO Capital Markets from $69.00 to $82.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have an outperform rating on the specialty chemicals company’s stock.
RPM has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of RPM International from an underweight rating to a neutral rating and lifted their price objective for the company from $50.00 to $55.00 in a research note on Monday, April 8th. Seaport Global Securities restated a neutral rating on shares of RPM International in a research note on Monday, July 22nd. Zacks Investment Research upgraded shares of RPM International from a hold rating to a buy rating and set a $69.00 price objective for the company in a research note on Wednesday, July 24th. ValuEngine upgraded shares of RPM International from a hold rating to a buy rating in a research note on Saturday, June 22nd. Finally, TheStreet upgraded shares of RPM International from a c+ rating to an a- rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $68.50.
NYSE:RPM opened at $68.39 on Tuesday. The stock has a market cap of $8.83 billion, a P/E ratio of 25.24, a PEG ratio of 1.52 and a beta of 1.27. RPM International has a twelve month low of $51.95 and a twelve month high of $69.62. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.09 and a current ratio of 1.64. The stock’s 50 day moving average is $63.61.
RPM International (NYSE:RPM) last announced its quarterly earnings data on Monday, July 22nd. The specialty chemicals company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.14 by $0.10. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the business posted $1.05 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that RPM International will post 3.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, July 15th. RPM International’s payout ratio is 51.66%.
In other news, Director Frederick R. Nance sold 1,100 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total transaction of $73,194.00. Following the completion of the sale, the director now owns 16,581 shares of the company’s stock, valued at $1,103,299.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in RPM. Tompkins Financial Corp lifted its position in shares of RPM International by 63.2% in the 1st quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 206 shares during the period. Cullen Frost Bankers Inc. bought a new position in RPM International during the second quarter worth about $35,000. Lenox Wealth Management Inc. bought a new position in RPM International during the first quarter worth about $46,000. Machina Capital S.A.S. bought a new position in RPM International during the second quarter worth about $56,000. Finally, Putnam FL Investment Management Co. bought a new position in RPM International during the second quarter worth about $61,000. 77.51% of the stock is owned by hedge funds and other institutional investors.
About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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