RPM International Inc. (NYSE:RPM) Stock Has Average Target Price of $125.75

by · The Markets Daily

Shares of RPM International Inc. (NYSE:RPM – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $125.75.

A number of equities research analysts have recently weighed in on RPM shares. Royal Bank Of Canada boosted their target price on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. KeyCorp assumed coverage on RPM International in a report on Friday, September 11th. They issued an “overweight” rating and a $123.00 price target on the stock. BMO Capital Markets lifted their price objective on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Morgan Stanley dropped their price objective on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Finally, Bank of America upped their target price on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd.

View Our Latest Report on RPM

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of RPM International during the second quarter worth $1,456,684,000. Bank of New York Mellon Corp acquired a new position in shares of RPM International during the 2nd quarter worth about $118,220,000. Legal & General Group Plc acquired a new stake in shares of RPM International in the 2nd quarter valued at approximately $37,713,000. Deutsche Bank AG bought a new position in RPM International during the 2nd quarter worth approximately $25,999,000. Finally, Danske Bank A S acquired a new position in RPM International during the second quarter valued at approximately $20,077,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Down 1.2%

Shares of NYSE RPM opened at $98.85 on Tuesday. RPM International has a 1-year low of $92.92 and a 1-year high of $121.93. The company has a 50-day moving average of $106.62 and a two-hundred day moving average of $104.70. The company has a market cap of $12.61 billion, a PE ratio of 19.16, a P/E/G ratio of 2.06 and a beta of 1.05. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.

RPM International (NYSE:RPM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business posted $1.72 earnings per share. RPM International’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that RPM International will post 5.99 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a yield of 2.2%. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

RPM International Company Profile

(Get Free Report)

RPM International Inc (NYSE:RPM) is a multinational manufacturer of specialty coatings, sealants, adhesives, and related products. The company serves the construction, industrial, automotive, marine, consumer, and specialty markets through a portfolio of businesses that develop products for protecting, repairing, and enhancing residential, commercial, and industrial surfaces.

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.

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