Shares of RPM International Inc. (NYSE:RPM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $129.70.
RPM has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on RPM International from $120.00 to $126.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. BMO Capital Markets restated an "outperform" rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Vertical Research upgraded RPM International from a "hold" rating to a "buy" rating and set a $126.00 price target on the stock in a research note on Tuesday, July 16th. Finally, Mizuho cut their price target on RPM International from $136.00 to $134.00 and set an "outperform" rating on the stock in a research note on Friday, July 26th.
Check Out Our Latest Research Report on RPM International
In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares of the company's stock, valued at approximately $2,866,890.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares of the company's stock, valued at $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,691 shares of company stock valued at $7,202,419. 1.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of RPM International during the 3rd quarter valued at $35,000. Cambridge Trust Co. raised its holdings in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 246 shares during the period. UMB Bank n.a. raised its holdings in RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock worth $43,000 after purchasing an additional 281 shares during the period. Versant Capital Management Inc raised its holdings in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 318 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in RPM International in the 2nd quarter worth $45,000. 80.95% of the stock is owned by institutional investors.
RPM opened at $132.27 on Tuesday. RPM International has a one year low of $88.84 and a one year high of $134.56. The business has a 50 day simple moving average of $121.55 and a two-hundred day simple moving average of $114.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.00 and a beta of 1.00.
RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business earned $1.64 EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. Analysts predict that RPM International will post 5.55 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a $0.51 dividend. The ex-dividend date is Friday, October 18th. This is a boost from RPM International's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.54%. RPM International's dividend payout ratio is 38.57%.
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.
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