RPM International (NYSE:RPM) Trading Down 5.2% on Disappointing Earnings

RPM International Inc. (NYSE:RPM - Get Free Report) shares traded down 5.2% during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $100.10 and last traded at $101.19. 158,731 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 640,269 shares. The stock had previously closed at $106.70.

The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $0.52 EPS. The company's revenue for the quarter was down 3.0% compared to the same quarter last year.

RPM International Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on RPM. Robert W. Baird dropped their price target on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday. Fermium Researc upgraded RPM International to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Mizuho decreased their price target on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on shares of RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.10.

Institutional Investors Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its position in shares of RPM International by 145,300.0% in the 1st quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock worth $336,000 after buying an additional 2,906 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of RPM International by 1.3% during the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock valued at $1,060,000 after purchasing an additional 116 shares during the last quarter. GAMMA Investing LLC boosted its holdings in RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock worth $31,367,000 after acquiring an additional 268,971 shares in the last quarter. California State Teachers Retirement System grew its position in RPM International by 3.5% during the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after purchasing an additional 10,185 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $308,000. 80.95% of the stock is currently owned by institutional investors.

RPM International Trading Up 2.0 %

The stock has a fifty day simple moving average of $117.06 and a 200 day simple moving average of $125.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The firm has a market cap 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 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.