RPM International (RPM) Receives “Hold” Rating from Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of RPM International (NYSE:RPM) in a research note issued to investors on Friday morning. They currently have a $53.00 target price on the specialty chemicals company’s stock.

Several other equities research analysts have also recently issued reports on RPM. Gabelli reaffirmed a buy rating on shares of RPM International in a report on Wednesday, March 28th. Seaport Global Securities reaffirmed a buy rating and issued a $58.00 target price on shares of RPM International in a report on Friday. BMO Capital Markets assumed coverage on RPM International in a research report on Tuesday, March 27th. They issued an outperform rating and a $60.00 price target for the company. JPMorgan Chase lowered RPM International from a neutral rating to an underweight rating and dropped their price target for the stock from $52.00 to $47.00 in a research report on Friday, March 16th. Finally, Vertical Research upgraded RPM International from a hold rating to a buy rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $55.14.

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Shares of RPM stock traded down $1.62 during trading hours on Friday, hitting $47.10. The stock had a trading volume of 1,494,657 shares, compared to its average volume of 1,178,835. RPM International has a one year low of $46.36 and a one year high of $56.69. The company has a current ratio of 2.56, a quick ratio of 1.42 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $6,512.21, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.11. RPM International had a return on equity of 24.28% and a net margin of 7.23%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. research analysts predict that RPM International will post 3.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, April 16th. This represents a $1.28 annualized dividend and a yield of 2.72%. RPM International’s dividend payout ratio is currently 51.82%.

In related news, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total value of $138,670.62. Following the completion of the transaction, the senior vice president now owns 98,417 shares in the company, valued at $5,293,850.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total value of $1,833,300.00. Following the completion of the transaction, the chairman now owns 1,188,489 shares of the company’s stock, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in shares of RPM International during the fourth quarter valued at approximately $536,000. Fieldpoint Private Securities LLC boosted its position in shares of RPM International by 12.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 15,993 shares of the specialty chemicals company’s stock valued at $838,000 after buying an additional 1,787 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of RPM International during the fourth quarter valued at approximately $4,429,000. Jump Trading LLC purchased a new position in shares of RPM International during the fourth quarter valued at approximately $299,000. Finally, BB&T Securities LLC boosted its position in shares of RPM International by 5.6% during the fourth quarter. BB&T Securities LLC now owns 199,555 shares of the specialty chemicals company’s stock valued at $10,461,000 after buying an additional 10,600 shares during the period. Institutional investors own 75.94% of the company’s stock.

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RPM International Company Profile

RPM International Inc manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

Analyst Recommendations for RPM International (NYSE:RPM)

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