RPM International Inc. (NYSE:RPM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of RPM International Inc. (NYSE:RPMGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $127.3333.

A number of research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on RPM International from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Zacks Research raised RPM International from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen raised RPM International from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Morgan Stanley increased their target price on shares of RPM International from $118.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Finally, Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a report on Wednesday, March 4th.

Read Our Latest Stock Report on RPM

Institutional Trading of RPM International

A number of institutional investors have recently modified their holdings of the company. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter worth about $54,307,000. California State Teachers Retirement System lifted its holdings in RPM International by 14.5% in the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after buying an additional 49,979 shares during the period. Ameriprise Financial Inc. lifted its holdings in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after buying an additional 888 shares during the period. Fairway Wealth LLC lifted its holdings in RPM International by 4.4% in the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock worth $26,445,000 after buying an additional 9,409 shares during the period. Finally, Danske Bank A S lifted its holdings in RPM International by 13.7% in the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after buying an additional 20,176 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Up 2.2%

RPM opened at $103.17 on Wednesday. The stock has a market cap of $13.17 billion, a PE ratio of 19.88, a P/E/G ratio of 2.57 and a beta of 1.04. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International has a 52 week low of $92.92 and a 52 week high of $129.12. The business’s fifty day simple moving average is $101.36 and its 200 day simple moving average is $105.96.

RPM International (NYSE:RPMGet Free Report) last released its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts expect that RPM International will post 5.46 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, April 16th. RPM International’s dividend payout ratio is currently 41.62%.

RPM International Company Profile

(Get Free Report)

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.

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Analyst Recommendations for RPM International (NYSE:RPM)

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