RPM International Inc. (NYSE:RPM) Receives $132.00 Average Price Target from Analysts

Shares of RPM International Inc. (NYSE:RPM) have been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $132.00.

A number of equities research analysts recently issued reports on the stock. 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 research note on Wednesday, January 8th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday.

RPM International Price Performance

RPM International stock opened at $123.97 on Monday. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.97 and a beta of 1.01. The firm’s fifty day moving average is $123.82 and its 200 day moving average is $126.14. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International has a 52-week low of $103.68 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. RPM International’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Sell-side analysts forecast that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.65%. The ex-dividend date was Friday, January 17th. RPM International’s payout ratio is 40.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its position in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 84 shares during the last quarter. Huntington National Bank lifted its position in shares of RPM International by 1.0% during the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock valued at $1,310,000 after buying an additional 108 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in shares of RPM International by 4.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock valued at $423,000 after buying an additional 132 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 155 shares during the last quarter. 80.95% of the stock is currently owned by 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.