RPM International Inc. (NYSE:RPM) Plans Quarterly Dividend of $0.51

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 annualized dividend and a yield of 1.69%.

RPM International has raised its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $6.20 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 32.9%.

RPM International Trading Up 1.3 %

Shares of RPM stock opened at $120.81 on Friday. The firm’s 50-day simple moving average is $131.87 and its 200-day simple moving average is $122.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International has a 1-year low of $100.82 and a 1-year high of $141.79. The firm has a market cap of $15.55 billion, a P/E ratio of 25.33, a PEG ratio of 1.98 and a beta of 1.00.

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

Insider Activity at RPM International

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,083 shares of company stock valued at $1,443,549. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the topic of a number of research analyst reports. UBS Group lifted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $131.00.

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.