RPM International Inc. (RPM) Stock Rating Reaffirmed by Wells Fargo & Co.
RPM International Inc. (NYSE:RPM)‘s stock had its “buy” rating restated by research analysts at Wells Fargo & Co. in a report released on Wednesday.
Several other research firms have also commented on RPM. Seaport Global Securities lowered RPM International from an “accumulate” rating to a “neutral” rating and lifted their price target for the stock from $55.00 to $57.00 in a report on Wednesday, August 10th. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. reissued a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. RPM International has an average rating of “Hold” and a consensus price target of $53.25.
Shares of RPM International (NYSE:RPM) opened at 50.21 on Wednesday. RPM International has a 52-week low of $36.78 and a 52-week high of $55.92. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 19.06 and a beta of 1.38. The firm’s 50 day moving average is $53.37 and its 200 day moving average is $51.32.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The business had revenue of $1.25 billion for the quarter. During the same quarter in the prior year, the firm earned $0.74 EPS. The firm’s revenue was up .5% on a year-over-year basis. Equities analysts expect that RPM International will post $2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be given a $0.30 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, October 13th. RPM International’s payout ratio is currently 40.44%.
In other RPM International news, VP Barry Slifstein sold 1,000 shares of RPM International stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Frank C. Sullivan sold 60,000 shares of RPM International stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total value of $3,213,600.00. Following the completion of the transaction, 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.
A number of institutional investors have recently added to or reduced their stakes in RPM. TimesSquare Capital Management LLC increased its position in RPM International by 25.3% in the first quarter. TimesSquare Capital Management LLC now owns 4,131,060 shares of the company’s stock valued at $195,523,000 after buying an additional 833,090 shares in the last quarter. Eaton Vance Management purchased a new position in RPM International during the second quarter valued at $21,042,000. Martingale Asset Management L P increased its position in 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 valued at $18,315,000 after buying an additional 356,255 shares in the last quarter. Panagora Asset Management Inc. increased its position in RPM International by 2,225.6% in the second quarter. Panagora Asset Management Inc. now owns 119,396 shares of the company’s stock valued at $5,964,000 after buying an additional 114,262 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in 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 valued at $50,100,000 after buying an additional 83,582 shares in the last quarter. 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.
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