Brokerages Set RPM International Inc. (RPM) Price Target at $57.50

RPM International Inc. (NYSE:RPM) has received an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $57.20.

A number of equities research analysts recently commented on the company. BidaskClub downgraded RPM International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Bank of America Corporation decreased their price objective on RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $49.00 price objective on shares of RPM International in a research report on Tuesday, June 13th.

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In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $52.04, for a total transaction of $549,958.72. Following the completion of the sale, the senior vice president now owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of RPM. Russell Investments Group Ltd. acquired a new stake in shares of RPM International during the fourth quarter valued at approximately $1,033,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of RPM International during the fourth quarter valued at approximately $252,000. HighPoint Advisor Group LLC acquired a new stake in shares of RPM International during the fourth quarter valued at approximately $517,000. Hendley & Co. Inc. raised its stake in shares of RPM International by 0.6% in the fourth quarter. Hendley & Co. Inc. now owns 79,093 shares of the specialty chemicals company’s stock valued at $4,258,000 after buying an additional 510 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of RPM International by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 116,006 shares of the specialty chemicals company’s stock worth $6,245,000 after buying an additional 6,510 shares during the period. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Shares of RPM International (NYSE:RPM) traded up 0.53% during trading on Friday, hitting $48.88. 105,221 shares of the stock traded hands. The firm has a market cap of $6.53 billion, a P/E ratio of 35.81 and a beta of 1.54. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The company has a 50-day moving average of $53.43 and a 200-day moving average of $53.43.

RPM International (NYSE:RPM) last posted its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by $0.15. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. RPM International’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 earnings per share. On average, analysts forecast that RPM International will post $2.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were paid a $0.30 dividend. The ex-dividend date was Thursday, July 13th. This represents a $1.20 annualized dividend and a yield of 2.47%. RPM International’s dividend payout ratio (DPR) is currently 90.91%.

RPM International Company Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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