RPM International Inc. (NYSE:RPM) Receives $129.70 Consensus Target Price from Brokerages

RPM International Inc. (NYSE:RPM) has been given an average rating of “Hold” by the ten analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $129.70.

RPM has been the topic of several recent research reports. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd.

Insider Transactions at RPM International

In other news, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. This trade represents a 12.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % 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. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Large investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV boosted its stake in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc acquired a new position in shares of RPM International during the third quarter valued at about $35,000. Eastern Bank bought a new position in shares of RPM International during the 3rd quarter worth about $41,000. UMB Bank n.a. grew its stake in shares of RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in RPM International in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Down 1.0 %

RPM opened at $131.47 on Wednesday. The company has a market cap of $16.92 billion, a P/E ratio of 27.56, a PEG ratio of 1.98 and a beta of 1.00. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $133.87 and its 200-day moving average is $121.77. RPM International has a 1-year low of $100.82 and a 1-year high of $141.79.

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

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 yield of 1.55%. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

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.