RPM International (NYSE:RPM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research report report published on Saturday.

Other analysts also recently issued research reports about the company. BMO Capital Markets lowered their price objective on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, January 12th. JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $117.00 to $115.00 in a research report on Friday, January 9th. KeyCorp reiterated a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Finally, Citigroup lowered their price objective on RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.33.

RPM International Stock Performance

NYSE:RPM opened at $109.28 on Friday. The business has a 50 day moving average of $107.12 and a 200 day moving average of $108.05. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.82 and a beta of 1.10. RPM International has a 1-year low of $92.92 and a 1-year high of $129.12. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.44.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.35 EPS. RPM International’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued 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 is Thursday, April 16th. RPM International’s dividend payout ratio is currently 41.62%.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares in the company, valued at $2,343,866.88. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently made changes to their positions in RPM. Root Financial Partners LLC bought a new position in shares of RPM International during the third quarter valued at approximately $30,000. Versant Capital Management Inc raised its holdings in shares of RPM International by 48.6% during the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 90 shares in the last quarter. Ares Financial Consulting LLC bought a new position in shares of RPM International during the fourth quarter valued at approximately $37,000. Rothschild Investment LLC raised its holdings in shares of RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 549 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of RPM International during the fourth quarter valued at approximately $60,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

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.