RPM International Inc. (NYSE:RPM) to Issue Quarterly Dividend of $0.46

RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Tuesday, April 2nd, NASDAQ reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.46 per share by the specialty chemicals company on Tuesday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, April 18th.

RPM International has increased its dividend by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 50 years. RPM International has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $5.56 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 33.1%.

RPM International Stock Down 0.5 %

Shares of RPM International stock opened at $107.91 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $113.75 and its two-hundred day simple moving average is $106.75. The company has a market cap of $13.89 billion, a P/E ratio of 24.86, a PEG ratio of 1.70 and a beta of 1.04. RPM International has a 12-month low of $78.52 and a 12-month high of $120.74.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that RPM International will post 4.94 EPS for the current year.

Analysts Set New Price Targets

RPM has been the topic of a number of analyst reports. Robert W. Baird upped their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets lowered their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. UBS Group upped their target price on shares of RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Mizuho upped their target price on shares of RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the sale, the vice president now owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares of the company’s stock, valued at approximately $892,029. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the sale, the vice president now directly owns 23,451 shares of the company’s stock, valued at $2,570,933.13. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of RPM International by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 1,827,966 shares of the specialty chemicals company’s stock valued at $159,244,000 after acquiring an additional 56,726 shares during the last quarter. Cowa LLC boosted its position in shares of RPM International by 9,901.1% during the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 319,411 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of RPM International by 9.0% during the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock valued at $19,039,000 after acquiring an additional 19,318 shares during the last quarter. California State Teachers Retirement System lifted its position in RPM International by 6.6% in the second quarter. California State Teachers Retirement System now owns 218,561 shares of the specialty chemicals company’s stock worth $19,611,000 after buying an additional 13,492 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in RPM International by 2.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 65,425 shares of the specialty chemicals company’s stock worth $6,376,000 after buying an additional 1,373 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other 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.