RPM International Inc. (NYSE:RPM) to Issue $0.51 Quarterly Dividend

RPM International Inc. (NYSE:RPM - Get Free Report) declared a quarterly dividend on Friday, January 3rd,RTT News reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.69%.

RPM International has raised its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RPM International to earn $6.20 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 32.9%.

RPM International Trading Up 1.3 %

NYSE:RPM traded up $1.55 during mid-day trading on Friday, hitting $120.81. 919,921 shares of the company's stock were exchanged, compared to its average volume of 950,260. The firm has a market capitalization of $15.55 billion, a P/E ratio of 25.33, a PEG ratio of 1.98 and a beta of 1.00. The company has a 50 day simple moving average of $131.87 and a 200-day simple moving average of $122.83. 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 has a fifty-two week low of $100.82 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS 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 company 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 business posted $1.64 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts expect that RPM International will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RPM shares. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a report on Thursday, October 3rd. UBS Group lifted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on shares of RPM International from $107.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, October 4th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has an average rating of "Hold" and a consensus target price of $131.00.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 3,156 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by insiders.

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.