RPM International (NYSE:RPM) Price Target Raised to $125.00

RPM International (NYSE:RPM) had its price target increased by Royal Bank Of Canada from $120.00 to $125.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other analysts have also recently weighed in on RPM. Citigroup cut their price objective on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. UBS Group lowered their target price on shares of RPM International from $142.00 to $128.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Wall Street Zen cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company dropped their target price on shares of RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Finally, KeyCorp cut their price target on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, RPM International presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

RPM International Price Performance

Shares of RPM opened at $103.22 on Tuesday. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.88 and a beta of 1.01. The firm’s fifty day simple moving average is $100.82 and its 200-day simple moving average is $105.20. RPM International has a twelve month low of $92.92 and a twelve month high of $121.78. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that RPM International will post 5.92 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This is an increase from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. RPM International’s dividend payout ratio is currently 42.22%.

Insider Activity

In other news, Director Frederick Nance sold 1,896 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $103.97, for a total transaction of $197,127.12. Following the transaction, the director directly owned 7,651 shares in the company, valued at approximately $795,474.47. This trade represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently bought and sold shares of the business. Motley Fool Asset Management LLC boosted its stake in shares of RPM International by 6.1% during the third quarter. Motley Fool Asset Management LLC now owns 3,376 shares of the specialty chemicals company’s stock worth $333,000 after buying an additional 194 shares during the period. Fortitude Family Office LLC increased its position in RPM International by 111.4% in the 3rd quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 195 shares during the period. Benedict Financial Advisors Inc. increased its position in RPM International by 0.8% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after acquiring an additional 197 shares during the period. GAMMA Investing LLC raised its stake in RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $276,000 after acquiring an additional 209 shares during the last quarter. Finally, Operose Advisors LLC purchased a new stake in RPM International during the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.