RPM International Inc. (NYSE:RPM) Receives $122.22 Consensus Price Target from Analysts

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $122.22.

A number of research firms have commented on RPM. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday, July 16th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Wells Fargo & Company raised their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Mizuho lowered their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Friday, July 26th.

RPM International Trading Down 0.2 %

NYSE RPM opened at $115.26 on Monday. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. RPM International has a 12 month low of $88.84 and a 12 month high of $122.92. The company’s fifty day moving average price is $113.38 and its two-hundred day moving average price is $112.78.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. As a group, research analysts predict that RPM International will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio is currently 42.40%.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Institutional Trading of RPM International

Hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of RPM International in the 4th quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in RPM International during the first quarter worth approximately $38,000. Cambridge Trust Co. grew its position in RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 246 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of RPM International by 588.9% in the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the 2nd quarter valued at $45,000. Institutional investors own 80.95% of the company’s stock.

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.