Shares of RPM International Inc. (NYSE:RPM) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $94.00.
Several analysts have issued reports on the company. BMO Capital Markets dropped their target price on RPM International from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 27th. Wells Fargo & Company downgraded RPM International from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, July 27th. JPMorgan Chase & Co. downgraded shares of RPM International from a “neutral” rating to an “underweight” rating and set a $90.00 target price for the company. in a report on Wednesday, June 23rd. Finally, Zacks Investment Research cut shares of RPM International from a “hold” rating to a “strong sell” rating and set a $80.00 price target on the stock. in a report on Friday, June 4th.
Several hedge funds have recently modified their holdings of RPM. Arizona State Retirement System increased its position in shares of RPM International by 0.5% during the first quarter. Arizona State Retirement System now owns 37,464 shares of the specialty chemicals company’s stock worth $3,441,000 after purchasing an additional 194 shares in the last quarter. Sowell Financial Services LLC lifted its position in RPM International by 43.1% during the 1st quarter. Sowell Financial Services LLC now owns 1,751 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 527 shares during the period. Cibc World Markets Corp acquired a new position in shares of RPM International in the first quarter valued at about $1,283,000. American International Group Inc. raised its stake in shares of RPM International by 0.5% in the first quarter. American International Group Inc. now owns 236,868 shares of the specialty chemicals company’s stock worth $21,756,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its holdings in shares of RPM International by 0.7% during the first quarter. Benedict Financial Advisors Inc. now owns 20,144 shares of the specialty chemicals company’s stock worth $1,850,000 after purchasing an additional 140 shares during the period. 76.36% of the stock is currently owned by institutional investors and hedge funds.
RPM International (NYSE:RPM) last posted its earnings results on Sunday, July 25th. The specialty chemicals company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. RPM International had a net margin of 8.23% and a return on equity of 34.41%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities research analysts predict that RPM International will post 3.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 30th. Stockholders of record on Thursday, July 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, July 14th. RPM International’s payout ratio is presently 36.54%.
About RPM International
RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG); Performance Coatings Group (PCG); Consumer Group; and Specialty Products Group (SPG).
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