RPM International Inc. (NYSE:RPM) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $57.86.
Several equities analysts recently issued reports on the stock. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $51.00 price target on shares of RPM International in a report on Wednesday, November 15th.
RPM International (RPM) traded up $0.50 during trading hours on Tuesday, hitting $48.48. 173,632 shares of the stock were exchanged, compared to its average volume of 1,229,744. The company has a market cap of $6,596.42, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.46. RPM International has a one year low of $47.86 and a one year high of $56.69. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 1.17.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, January 16th. RPM International’s dividend payout ratio is currently 49.42%.
In other RPM International news, SVP Edward W. Moore sold 2,578 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the completion of the sale, the senior vice president now owns 98,417 shares in the company, valued at approximately $5,293,850.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the sale, the chairman now owns 1,188,489 shares of the company’s stock, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of RPM. Empire Life Investments Inc. acquired a new stake in RPM International in the 3rd quarter valued at about $29,293,000. TimesSquare Capital Management LLC increased its position in RPM International by 53.9% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock valued at $57,686,000 after acquiring an additional 393,500 shares in the last quarter. Lord Abbett & CO. LLC increased its position in RPM International by 9.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock valued at $54,950,000 after acquiring an additional 87,679 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in RPM International in the 3rd quarter valued at about $3,973,000. Finally, Balyasny Asset Management LLC acquired a new stake in RPM International in the 2nd quarter valued at about $2,643,000. Hedge funds and other institutional investors own 75.59% of the company’s stock.
About RPM International
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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