RPM International Inc. (NYSE:RPM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $122.33.

A number of research firms have recently commented on RPM. Royal Bank of Canada boosted their price objective on RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Sunday. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, July 16th. UBS Group decreased their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, BMO Capital Markets upped their target price on RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 26th.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in RPM International in the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new position in shares of RPM International during the 1st quarter valued at $38,000. Cambridge Trust Co. lifted its stake in shares of RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. Versant Capital Management Inc increased its position in RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 318 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in RPM International during the second quarter valued at about $45,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Trading Down 1.6 %

Shares of NYSE:RPM opened at $112.60 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $111.69 and its 200 day moving average price is $111.85. The company has a market cap of $14.50 billion, a PE ratio of 25.94, a P/E/G ratio of 1.73 and a beta of 1.00. RPM International has a fifty-two week low of $88.84 and a fifty-two week high of $122.92.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Sell-side analysts anticipate 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, July 31st. Investors of record on Wednesday, July 17th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Wednesday, July 17th. RPM International’s payout ratio is presently 42.40%.

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.