RPM International (NYSE:RPM) Sets New 1-Year High – Time to Buy?

RPM International Inc. (NYSE:RPM)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $138.26 and last traded at $137.87, with a volume of 439871 shares traded. The stock had previously closed at $136.31.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RPM. Morgan Stanley increased their price objective on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price target on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has an average rating of “Hold” and an average target price of $129.70.

RPM International Trading Up 1.1 %

The business’s fifty day moving average is $129.79 and its two-hundred day moving average is $118.85. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Equities analysts anticipate that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. RPM International’s payout ratio is 42.77%.

Insider Buying and Selling at RPM International

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred 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 of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently made changes to their positions in the company. SVB Wealth LLC lifted its holdings in RPM International by 3.0% during the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after acquiring an additional 159 shares in the last quarter. California State Teachers Retirement System grew its position in shares of RPM International by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after purchasing an additional 12,791 shares during the period. Motley Fool Asset Management LLC increased its stake in RPM International by 8.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 197 shares in the last quarter. Plato Investment Management Ltd raised its holdings in RPM International by 52,725.0% during the 1st quarter. Plato Investment Management Ltd now owns 16,904 shares of the specialty chemicals company’s stock worth $2,011,000 after buying an additional 16,872 shares during the period. Finally, LRI Investments LLC bought a new position in RPM International in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

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.