RPM International Inc. (NYSE:RPM – Get Free Report) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $127.4167.
Several research analysts have commented on the stock. Mizuho dropped their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Robert W. Baird raised shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a research note on Wednesday, March 4th. BMO Capital Markets lowered their target price on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Citigroup boosted their target price on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Morgan Stanley boosted their target price on shares of RPM International from $118.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th.
Read Our Latest Analysis on RPM
RPM International Stock Up 0.2%
RPM International (NYSE:RPM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.37 by $0.20. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. RPM International’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, analysts predict that RPM International will post 5.46 earnings per share for the current year.
RPM International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, April 16th. RPM International’s payout ratio is currently 41.62%.
Institutional Trading of RPM International
A number of large investors have recently made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter valued at $54,307,000. California State Teachers Retirement System boosted its stake in shares of RPM International by 14.5% during the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after purchasing an additional 49,979 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the period. Danske Bank A S boosted its stake in shares of RPM International by 13.7% during the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock valued at $17,416,000 after purchasing an additional 20,176 shares during the period. Finally, Life Cycle Investment Partners Ltd bought a new stake in shares of RPM International in the fourth quarter valued at about $16,175,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
RPM International Company Profile
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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