Brokerages Set RPM International Inc. (NYSE:RPM) PT at $132.00

RPM International Inc. (NYSE:RPM) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $132.00.

A number of research firms recently weighed in on RPM. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Mizuho lowered their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st.

RPM International Price Performance

Shares of RPM stock opened at $116.40 on Friday. The company’s 50-day simple moving average is $121.80 and its two-hundred day simple moving average is $126.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International has a one year low of $103.69 and a one year high of $141.79. The company has a market capitalization of $14.97 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.97 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business posted $1.22 EPS. RPM International’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is presently 40.32%.

Hedge Funds Weigh In On RPM International

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of RPM International in the 4th quarter valued at $37,000. Farther Finance Advisors LLC raised its stake in RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 155 shares during the last quarter. Fairway Wealth LLC raised its stake in RPM International by 829.8% in the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 320 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.