RPM International Inc. (NYSE:RPM) Receives Average Recommendation of "Hold" from Brokerages

Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have received an average recommendation of "Hold" from the ten brokerages that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $129.70.

A number of research analysts recently weighed in on RPM shares. Royal Bank of Canada increased 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. UBS Group reduced their price objective on RPM International from $122.00 to $117.00 and set a "neutral" rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company raised their target price on RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 3rd. Vertical Research raised shares of RPM International from a "hold" rating to a "buy" rating and set a $126.00 price target for the company in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd.

RPM International Stock Down 1.3 %

Shares of RPM International stock traded down $1.69 during midday trading on Tuesday, hitting $130.58. The company had a trading volume of 528,792 shares, compared to its average volume of 643,520. RPM International has a 52-week low of $88.84 and a 52-week high of $134.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The stock has a market capitalization of $16.81 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.00 and a beta of 1.00. The company has a 50 day moving average of $121.94 and a 200 day moving average of $114.95.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $1.64 earnings per share. The company's revenue was down 2.1% on a year-over-year basis. On average, equities analysts predict that RPM International will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, October 18th. This is an increase from RPM International's previous quarterly dividend of $0.46. RPM International's dividend payout ratio is 38.57%.

Insider Transactions at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 24,339 shares of the company's stock, valued at $2,866,890.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frank C. Sullivan sold 57,083 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,409 shares of company stock valued at $7,699,553. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPM. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the third quarter valued at about $35,000. Cambridge Trust Co. boosted its stake in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Versant Capital Management Inc increased its stake in RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 318 shares in the last quarter. Eastern Bank purchased a new position in shares of RPM International in the third quarter worth $41,000. Finally, UMB Bank n.a. lifted its stake in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock worth $43,000 after buying an additional 281 shares during the period. Hedge funds and other 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.