RPM International (NYSE:RPM) Hits New 1-Year Low - Here's What Happened

RPM International Inc. (NYSE:RPM - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $103.20 and last traded at $103.20, with a volume of 34342 shares changing hands. The stock had previously closed at $108.23.

Analyst Upgrades and Downgrades

RPM has been the topic of several recent research reports. UBS Group raised their price target on RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Morgan Stanley cut their target price on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday. Royal Bank of Canada lowered their price target on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating for the company in a report on Thursday. Fermium Researc raised shares of RPM International to a "hold" rating in a report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, RPM International presently has an average rating of "Moderate Buy" and a consensus target price of $124.10.

RPM International Stock Up 2.0 %

The company has a 50-day moving average of $117.06 and a two-hundred day moving average of $125.27. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $13.43 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). The business had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company's revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. On average, research analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.51 dividend. The ex-dividend date is Thursday, April 17th. This represents a $2.04 annualized dividend and a yield of 1.95%. RPM International's dividend payout ratio (DPR) is presently 40.88%.

Institutional Trading of RPM International

A number of large investors have recently made changes to their positions in RPM. EverSource Wealth Advisors LLC increased its position in shares of RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 84 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of RPM International in the fourth quarter valued at about $37,000. Farther Finance Advisors LLC boosted its stake in shares of RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after acquiring an additional 155 shares during the period. Fairway Wealth LLC grew its position in shares of RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after buying an additional 320 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

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.