RPM International Inc. (RPM) Receives $57.20 Consensus Target Price from Analysts
RPM International Inc. (NYSE:RPM) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $57.20.
RPM has been the subject of several research analyst reports. Zacks Investment Research lowered RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Seaport Global Securities raised RPM International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $60.00 in a research report on Tuesday, May 16th. BidaskClub lowered RPM International from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Bank of America Corporation lowered their price objective on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $49.00 price objective on shares of RPM International in a research report on Tuesday, June 13th.
Shares of RPM International (NYSE RPM) traded down 0.78% during mid-day trading on Tuesday, reaching $48.44. The company had a trading volume of 1,709,363 shares. The firm’s 50 day moving average is $52.49 and its 200-day moving average is $53.27. The stock has a market capitalization of $6.47 billion, a P/E ratio of 35.49 and a beta of 1.54. RPM International has a 12-month low of $46.25 and a 12-month high of $56.48.
RPM International (NYSE:RPM) last announced its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 earnings per share. On average, analysts expect that RPM International will post $2.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 17th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, July 13th. RPM International’s dividend payout ratio (DPR) is presently 90.91%.
In related news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now directly owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of RPM. Advisory Services Network LLC purchased a new stake in shares of RPM International during the first quarter worth approximately $116,000. Oregon Public Employees Retirement Fund raised its stake in shares of RPM International by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,596 shares of the specialty chemicals company’s stock worth $2,564,000 after buying an additional 600 shares during the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of RPM International during the first quarter worth approximately $5,126,000. Benedict Financial Advisors Inc. raised its stake in shares of RPM International by 8.3% in the first quarter. Benedict Financial Advisors Inc. now owns 16,208 shares of the specialty chemicals company’s stock worth $892,000 after buying an additional 1,242 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of RPM International by 6.6% in the first quarter. IFP Advisors Inc now owns 5,845 shares of the specialty chemicals company’s stock worth $322,000 after buying an additional 364 shares during the last quarter. 72.56% of the stock is owned by institutional investors and hedge funds.
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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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