Brokerages Set RPM International Inc. (NYSE:RPM) Target Price at $128.00

RPM International Inc. (NYSE:RPM) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $128.00.

RPM has been the subject of several recent research reports. Citigroup reduced their price target on RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, December 18th. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Mizuho set a $120.00 price target on shares of RPM International in a research note on Thursday, January 8th. Finally, BMO Capital Markets lowered their price target on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th.

RPM International Trading Down 2.7%

Shares of RPM stock opened at $102.05 on Friday. RPM International has a 12-month low of $95.28 and a 12-month high of $129.12. The company has a market capitalization of $13.07 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. The firm has a 50 day moving average price of $111.15 and a two-hundred day moving average price of $112.44. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. RPM International’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 EPS. As a group, analysts predict that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.1%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares in the company, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the stock. Fairway Wealth LLC lifted its position in shares of RPM International by 4.4% during the 3rd quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock valued at $26,445,000 after acquiring an additional 9,409 shares during the period. Boston Trust Walden Corp grew its holdings in shares of RPM International by 8.5% during the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after purchasing an additional 51,152 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of RPM International by 242.2% in the third quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock worth $2,330,000 after purchasing an additional 13,992 shares during the period. Quantbot Technologies LP acquired a new position in RPM International in the second quarter valued at about $2,791,000. Finally, SG Americas Securities LLC raised its stake in RPM International by 105.9% in the second quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock valued at $1,155,000 after purchasing an additional 5,406 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.