RPM International Inc. (NYSE:RPM) Given Average Recommendation of “Hold” by Brokerages

Shares of RPM International Inc. (NYSE:RPM) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $122.22.

Several equities research analysts have recently commented on the company. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. Wells Fargo & Company boosted their price target on shares of RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. BMO Capital Markets dropped their price objective on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 27th. JPMorgan Chase & Co. cut shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Friday, July 26th. Finally, Royal Bank of Canada upped their target price on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the sale, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of RPM International

A number of large investors have recently bought and sold shares of RPM. Strategic Investment Solutions Inc. IL bought a new position in shares of RPM International during the 2nd quarter worth $71,000. 3Chopt Investment Partners LLC purchased a new stake in RPM International during the second quarter valued at about $315,000. Pacer Advisors Inc. lifted its holdings in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. One Capital Management LLC boosted its position in RPM International by 25.3% during the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after purchasing an additional 20,556 shares during the period. Finally, Plato Investment Management Ltd increased its stake in shares of RPM International by 2.5% in the second quarter. Plato Investment Management Ltd now owns 17,319 shares of the specialty chemicals company’s stock worth $1,865,000 after purchasing an additional 415 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Stock Up 1.1 %

RPM International stock opened at $115.32 on Monday. The firm has a 50 day moving average price of $113.67 and a two-hundred day moving average price of $112.84. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97. RPM International has a 52-week low of $88.84 and a 52-week high of $122.92. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.74 and a beta of 1.00.

RPM International (NYSE:RPM) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Equities analysts predict that RPM International will post 5.51 EPS for the current year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th were given a dividend of $0.46 per share. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.60%. RPM International’s dividend payout ratio is currently 42.40%.

About RPM International

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.