StockNews.com upgraded shares of RPM International (NYSE:RPM - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.
RPM has been the subject of several other reports. Morgan Stanley raised their target price on RPM International from $107.00 to $125.00 and gave the company an equal weight rating in a research report on Friday, October 4th. Mizuho lowered their price objective on shares of RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. increased 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. UBS Group lowered their price target on shares of RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the company a sector perform rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $129.70.
Read Our Latest Stock Report on RPM International
RPM International Stock Up 1.4 %
Shares of RPM traded up $1.85 during trading hours on Friday, reaching $133.04. 730,324 shares of the stock traded hands, compared to its average volume of 648,875. RPM International has a 52 week low of $88.84 and a 52 week high of $133.20. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.97 and a beta of 1.00. The stock has a fifty day simple moving average of $119.65 and a 200 day simple moving average of $114.32. 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 - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. On average, equities analysts forecast that RPM International will post 5.55 EPS for the current year.
RPM International Increases Dividend
The business also recently announced 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 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, October 18th. This is a positive change from RPM International's previous quarterly dividend of $0.46. RPM International's payout ratio is presently 47.00%.
Insider Activity
In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the 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 sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 1,039,040 shares of the company's stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction 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 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. Insiders have sold a total of 61,691 shares of company stock worth $7,202,419 over the last ninety days. Company insiders own 1.50% of the company's stock.
Hedge Funds Weigh In On RPM International
A number of institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in RPM International in the fourth quarter worth $25,000. Christopher J. Hasenberg Inc bought a new position in shares of RPM International during the 3rd quarter valued at about $35,000. Rise Advisors LLC purchased a new position in shares of RPM International during the 1st quarter valued at about $38,000. Cambridge Trust Co. lifted its position 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 buying an additional 246 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in RPM International by 588.9% in the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 318 shares in the last quarter. Institutional investors own 80.95% of the company's stock.
About RPM International
(
Get Free Report)
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.
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