RPM International Inc. to Issue Quarterly Dividend of $0.51 (NYSE:RPM)

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.51 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $2.04 annualized dividend and a dividend yield of 1.75%.

RPM International has increased its dividend payment by an average of 7.5% annually over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RPM International to earn $6.13 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 33.3%.

RPM International Price Performance

RPM opened at $116.53 on Wednesday. RPM International has a 1 year low of $103.69 and a 1 year high of $141.79. The stock has a fifty day moving average price of $121.11 and a 200 day moving average price of $126.52. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.97 and a beta of 1.00.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on RPM shares. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Mizuho cut their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.00.

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.