Analysts Set RPM International Inc. (NYSE:RPM) Price Target at $132.00

RPM International Inc. (NYSE:RPM) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $132.00.

A number of equities research analysts have recently issued reports on RPM shares. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.

RPM International Price Performance

Shares of RPM International stock opened at $123.97 on Monday. RPM International has a 52-week low of $103.68 and a 52-week high of $141.79. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The company has a fifty day moving average of $123.82 and a 200-day moving average of $126.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the company earned $1.22 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.65%. RPM International’s payout ratio is 40.32%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in RPM International by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock valued at $336,198,000 after purchasing an additional 79,256 shares in the last quarter. Bank of New York Mellon Corp increased its stake in RPM International by 6.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock valued at $176,034,000 after purchasing an additional 87,540 shares in the last quarter. GW&K Investment Management LLC increased its stake in RPM International by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock valued at $74,607,000 after purchasing an additional 4,536 shares in the last quarter. Boston Trust Walden Corp increased its stake in RPM International by 3.2% during the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of RPM International by 4.3% during the 4th quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company’s stock valued at $37,577,000 after acquiring an additional 12,579 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

RPM International Company Profile

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.