RPM International Inc. (NYSE:RPM) – Stock analysts at KeyCorp decreased their Q2 2017 earnings per share (EPS) estimates for shares of RPM International in a report released on Wednesday. KeyCorp analyst I. Marcuse now anticipates that the firm will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.61. KeyCorp also issued estimates for RPM International’s Q3 2017 earnings at $0.14 EPS.
A number of other analysts have also recently weighed in on the stock. Wells Fargo & Co. restated a “buy” rating on shares of RPM International in a report on Wednesday. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Seaport Global Securities lowered shares of RPM International from an “accumulate” rating to a “neutral” rating and raised their price objective for the stock from $55.00 to $57.00 in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a research note on Monday, July 18th. Finally, Wellington Shields lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. RPM International presently has a consensus rating of “Hold” and an average price target of $53.25.
RPM International (NYSE:RPM) traded down 2.05% during mid-day trading on Thursday, hitting $49.18. The stock had a trading volume of 1,375,979 shares. The stock has a market cap of $6.55 billion, a PE ratio of 18.67 and a beta of 1.38. The firm’s 50-day moving average is $53.22 and its 200 day moving average is $51.34. RPM International has a one year low of $36.78 and a one year high of $55.92.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business earned $1.25 billion during the quarter. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.44%. This is a positive change from RPM International’s previous quarterly dividend of $0.28. RPM International’s dividend payout ratio (DPR) is 40.44%.
In other RPM International news, VP Matthew T. Ratajczak sold 4,152 shares of RPM International stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.04, for a total transaction of $224,374.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward W. Moore sold 22,547 shares of RPM International stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.90, for a total transaction of $1,215,283.30. Following the sale, the senior vice president now directly owns 88,097 shares of the company’s stock, valued at approximately $4,748,428.30. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of RPM. Cribstone Capital Management LLC bought a new stake in shares of RPM International during the second quarter worth about $112,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of RPM International during the second quarter worth about $115,000. Moon Capital Management LLC bought a new stake in shares of RPM International during the second quarter worth about $199,000. FDx Advisors Inc. bought a new stake in shares of RPM International during the second quarter worth about $205,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of RPM International during the second quarter worth about $250,000. 72.08% of the stock is owned by institutional investors.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
Receive News & Ratings for RPM International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.