RPM International Inc. (NYSE:RPM) – Stock analysts at Seaport Global Securities lowered their Q2 2017 earnings estimates for RPM International in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the brokerage will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.67. Seaport Global Securities has a “Neutral” rating and a $57.00 price objective on the stock. Seaport Global Securities also issued estimates for RPM International’s Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $1.15 EPS, Q1 2018 earnings at $0.90 EPS, Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $3.13 EPS.
Other equities research analysts have also issued research reports about the company. Wellington Shields lowered RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Zacks Investment Research lowered RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. RPM International currently has an average rating of “Hold” and an average price target of $54.67.
RPM International (NYSE:RPM) traded down 0.40% on Wednesday, hitting $47.79. The company’s stock had a trading volume of 501,223 shares. The firm has a 50 day moving average of $52.70 and a 200-day moving average of $51.39. The stock has a market cap of $6.37 billion, a PE ratio of 17.53 and a beta of 1.38. RPM International has a 12 month low of $36.78 and a 12 month high of $55.92.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The firm had revenue of $1.25 billion for the quarter. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS.
Several hedge funds have recently modified their holdings of the company. Eaton Vance Management acquired a new stake in shares of RPM International during the second quarter worth approximately $21,042,000. Martingale Asset Management L P increased its stake in shares of RPM International by 3,425.2% in the second quarter. Martingale Asset Management L P now owns 366,656 shares of the company’s stock worth $18,315,000 after buying an additional 356,255 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of RPM International by 2,225.6% in the second quarter. Panagora Asset Management Inc. now owns 119,396 shares of the company’s stock worth $5,964,000 after buying an additional 114,262 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of RPM International by 9.1% in the second quarter. GW&K Investment Management LLC now owns 1,002,994 shares of the company’s stock worth $50,100,000 after buying an additional 83,582 shares during the last quarter. Finally, BB&T Corp increased its stake in shares of RPM International by 4,615.0% in the second quarter. BB&T Corp now owns 70,725 shares of the company’s stock worth $3,533,000 after buying an additional 69,225 shares during the last quarter. 72.08% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Matthew T. Ratajczak sold 4,152 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total value of $224,374.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Frank C. Sullivan sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.56, for a total value of $3,213,600.00. Following the completion of the sale, the chairman now directly owns 1,144,622 shares of the company’s stock, valued at $61,305,954.32. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.20 annualized dividend and a yield of 2.49%. This is a positive change from RPM International’s previous quarterly dividend of $0.28. RPM International’s dividend payout ratio is presently 40.44%.
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.
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