RPM International Inc. (NYSE:RPM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of RPM International Inc. (NYSE:RPM) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $132.00.

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Morgan Stanley increased their target price 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. Mizuho decreased their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th.

Insider Buying and Selling

In other news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in RPM International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock worth $30,457,000 after acquiring an additional 5,947 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new position in shares of RPM International in the 4th quarter valued at $505,000. Longboard Asset Management LP bought a new position in shares of RPM International in the 4th quarter worth $225,000. Boston Trust Walden Corp boosted its position in RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its position in RPM International by 21.3% during the fourth quarter. Mediolanum International Funds Ltd now owns 54,838 shares of the specialty chemicals company’s stock valued at $6,736,000 after purchasing an additional 9,615 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Performance

Shares of RPM opened at $126.16 on Thursday. The stock has a 50 day moving average of $129.14 and a 200 day moving average of $125.05. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.03 and a beta of 1.02. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company earned $1.22 earnings per share. RPM International’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International will post 5.51 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. RPM International’s payout ratio is 40.32%.

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.