RPM International Inc. (NYSE:RPM) Receives $129.70 Consensus Target Price from Analysts

RPM International Inc. (NYSE:RPM) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $129.70.

RPM has been the topic of several recent analyst reports. UBS Group dropped their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada boosted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Finally, Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Tuesday, July 16th.

Insider Buying and Selling at RPM International

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the transaction, the vice president now owns 21,183 shares in the company, valued at $2,727,311.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,957 shares of company stock worth $7,528,522 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC increased its stake in RPM International by 3.0% in the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after acquiring an additional 110 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of RPM International in the 1st quarter worth approximately $338,000. BKM Wealth Management LLC lifted its position in shares of RPM International by 30.1% during the 1st quarter. BKM Wealth Management LLC now owns 4,334 shares of the specialty chemicals company’s stock worth $516,000 after buying an additional 1,003 shares during the period. BNP Paribas Financial Markets boosted its stake in RPM International by 61.6% in the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock valued at $11,903,000 after buying an additional 38,135 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in RPM International by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 95,078 shares of the specialty chemicals company’s stock valued at $11,310,000 after acquiring an additional 4,592 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

RPM stock opened at $129.49 on Tuesday. RPM International has a one year low of $88.84 and a one year high of $134.56. The firm has a 50-day moving average of $123.32 and a two-hundred day moving average of $115.58. The firm has a market capitalization of $16.67 billion, a PE ratio of 27.15, a P/E/G ratio of 1.92 and a beta of 1.00. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $1.64 EPS. The company’s revenue was down 2.1% on a year-over-year basis. On average, analysts forecast that RPM International will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

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.