RPM International Inc. (RPM) To Go Ex-Dividend on January 17th

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Shareholders 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 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, January 17th.

RPM International has increased its dividend by an average of 7.1% annually over the last three years and has raised its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Equities 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 1.5 %

NYSE:RPM opened at $123.98 on Wednesday. RPM International has a 12-month low of $103.63 and a 12-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 stock’s 50 day simple moving average is $131.13 and its 200-day simple moving average is $123.52. The firm has a market cap of $15.94 billion, a P/E ratio of 25.99, a PEG ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.22 EPS. Equities analysts anticipate that RPM International will post 5.56 EPS for the current year.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was 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 in the company, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the sale, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,927 shares of company stock valued at $1,037,214. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Mizuho lowered their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus target price of $132.00.

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.