RPM International Inc. (NYSE:RPM) Given Consensus Rating of “Hold” by Analysts

RPM International Inc. (NYSE:RPM) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $129.70.

RPM has been the subject of several recent analyst reports. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company boosted their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd.

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now owns 21,183 shares in the company, valued at $2,727,311.25. The trade was a 12.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,083 shares of company stock worth $1,443,549. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Huntington National Bank lifted its holdings in RPM International by 1.0% in the 3rd quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after buying an additional 108 shares in the last quarter. Summit Financial LLC lifted its holdings in RPM International by 5.9% in the 2nd quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after buying an additional 141 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new position in RPM International in the 3rd quarter worth $35,000. Finally, LRI Investments LLC lifted its holdings in RPM International by 12.4% in the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock worth $297,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Down 0.3 %

RPM stock opened at $132.43 on Wednesday. The stock has a market capitalization of $17.04 billion, a P/E ratio of 27.76, a PEG ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International has a one year low of $100.82 and a one year high of $141.79. The company has a 50 day moving average price of $133.77 and a two-hundred day moving average price of $121.47.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. As a group, sell-side analysts expect that RPM International will post 5.56 EPS for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a dividend of $0.51 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. RPM International’s payout ratio is presently 42.77%.

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.