RPM International Inc. Announces Quarterly Dividend of $0.46 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 2nd, NASDAQ reports. Investors of record on Friday, April 19th will be paid a dividend of 0.46 per share by the specialty chemicals company on Tuesday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 18th.

RPM International has raised its dividend by an average of 5.6% annually over the last three years and has raised its dividend annually for the last 50 consecutive years. RPM International has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 33.1%.

RPM International Trading Down 0.5 %

Shares of NYSE:RPM opened at $107.91 on Wednesday. The company has a market cap of $13.89 billion, a PE ratio of 24.86, a P/E/G ratio of 1.70 and a beta of 1.04. The company’s 50 day moving average is $113.75 and its two-hundred day moving average is $106.75. RPM International has a 52 week low of $78.52 and a 52 week high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. RPM International’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Equities analysts predict that RPM International will post 4.94 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the transaction, the vice president now owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the transaction, the director now owns 8,180 shares in the company, valued at approximately $892,029. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On RPM International

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in shares of RPM International by 67.8% during the 2nd quarter. Captrust Financial Advisors now owns 12,665 shares of the specialty chemicals company’s stock worth $997,000 after buying an additional 5,118 shares in the last quarter. Brevan Howard Capital Management LP raised its position in RPM International by 177.7% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,194 shares of the specialty chemicals company’s stock worth $915,000 after acquiring an additional 5,243 shares in the last quarter. Natixis acquired a new stake in RPM International in the fourth quarter valued at $877,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in RPM International in the fourth quarter valued at $594,000. Finally, Azimuth Capital Investment Management LLC boosted its position in shares of RPM International by 4.3% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 6,598 shares of the specialty chemicals company’s stock worth $576,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the topic of several recent analyst reports. BMO Capital Markets dropped their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Robert W. Baird lifted their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. UBS Group upped their price objective on shares of RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Mizuho lifted their target price on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $115.11.

About RPM International

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.