RPM International (NYSE:RPM) Releases Earnings Results, Misses Expectations By $0.23 EPS

RPM International (NYSE:RPM) announced its earnings results on Thursday. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.23), FiscalAI reports. 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 9.16% and a return on equity of 24.22%.

RPM International Stock Performance

Shares of NYSE RPM opened at $104.76 on Thursday. The company has a 50 day simple moving average of $105.94 and a two-hundred day simple moving average of $113.58. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.98 and a beta of 1.11. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. RPM International has a 12 month low of $95.28 and a 12 month high of $129.12.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, January 16th. RPM International’s payout ratio is presently 40.37%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RPM. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $121.00 to $132.00 in a research report on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of RPM International in a report on Monday, December 29th. Evercore ISI cut their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. UBS Group decreased their price objective on shares of RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Finally, Citigroup dropped their target price on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average price target of $129.10.

Insider Activity

In related news, Director Salvatore D. Fazzolari sold 375 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the transaction, the director directly owned 21,578 shares in the company, valued at $2,323,303.26. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently modified their holdings of RPM. BOKF NA acquired a new stake in RPM International during the third quarter worth about $118,000. Lazard Asset Management LLC boosted its position in RPM International by 5.8% in the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $402,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of RPM International by 5.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock valued at $1,321,000 after purchasing an additional 594 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of RPM International in the 2nd quarter valued at $1,534,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

About RPM International

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.