Fermium Researc Upgrades RPM International (NYSE:RPM) to Hold

Fermium Researc upgraded shares of RPM International (NYSE:RPM - Free Report) to a hold rating in a research report report published on Wednesday, April 9th,Zacks.com reports.

RPM has been the topic of several other research reports. Robert W. Baird lowered their price objective on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. UBS Group boosted their price objective 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. Wells Fargo & Company dropped their target price on RPM International from $140.00 to $116.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price objective 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, April 10th. Finally, StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.10.

RPM International Stock Up 0.9 %

Shares of RPM traded up $0.95 during trading hours on Wednesday, reaching $103.61. The stock had a trading volume of 185,796 shares, compared to its average volume of 655,807. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $115.98 and a 200 day simple moving average of $124.87. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79.

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

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International's dividend payout ratio is currently 40.88%.

Institutional Investors Weigh In On RPM International

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

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.