RPM International Inc. (NYSE:RPM) Plans $0.51 Quarterly Dividend

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Investors of record on Friday, January 17th will be paid a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, January 17th.

RPM International has raised its dividend payment by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 51 years. RPM International has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $6.20 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 32.9%.

RPM International Stock Up 1.3 %

RPM stock opened at $120.81 on Friday. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The business’s 50-day moving average is $131.87 and its two-hundred day moving average is $122.91. RPM International has a fifty-two week low of $100.82 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, analysts forecast that RPM International will post 5.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock worth $1,443,549 in the last three months. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on RPM shares. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. UBS Group upped their price target on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada increased their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $131.00.

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.