RPM International Inc. (NYSE:RPM) Receives $131.00 Consensus PT from Analysts

RPM International Inc. (NYSE:RPM - Get Free Report) has received an average recommendation of "Hold" from the ten analysts that are presently covering the firm, 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 1 year price objective among analysts that have issued ratings on the stock in the last year is $131.00.

RPM has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a research report on Thursday, October 3rd. BMO Capital Markets restated an "outperform" rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the stock a "sector perform" rating in a report on Thursday, October 3rd. Morgan Stanley lifted 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. Finally, StockNews.com downgraded RPM International from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th.

Insider Buying and Selling at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares of the company's stock, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares of the company's stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $1,443,549 over the last quarter. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several large investors have recently modified their holdings of RPM. Geode Capital Management LLC grew its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock valued at $320,851,000 after buying an additional 145,070 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company's stock worth $209,920,000 after acquiring an additional 1,930,072 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of RPM International by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company's stock valued at $29,228,000 after purchasing an additional 1,919 shares during the last quarter. National Pension Service increased its stake in shares of RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company's stock worth $27,130,000 after purchasing an additional 10,317 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in RPM International by 2,975.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company's stock worth $24,290,000 after purchasing an additional 194,215 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Stock Up 1.3 %

Shares of NYSE RPM traded up $1.55 during mid-day trading on Friday, reaching $120.81. 919,921 shares of the company's stock were exchanged, compared to its average volume of 950,260. RPM International has a twelve month low of $100.82 and a twelve month high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.98 and a beta of 1.00. The business has a fifty day simple moving average of $131.87 and a 200 day simple moving average of $122.98.

RPM International (NYSE:RPM - Get Free Report) last announced 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. 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company posted $1.64 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. RPM International's payout ratio is 42.77%.

RPM International Company Profile

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.