Shares of RPM International Inc. (NYSE:RPM) have received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $61.60.
RPM has been the subject of a number of recent research reports. Zacks Investment Research upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research note on Monday, October 8th. Northcoast Research downgraded RPM International from a “buy” rating to a “neutral” rating in a research note on Friday, July 20th. They noted that the move was a valuation call. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, July 18th. Finally, BMO Capital Markets upped their price objective on RPM International from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th.
RPM traded up $0.24 during trading on Friday, reaching $59.78. 18,285 shares of the company were exchanged, compared to its average volume of 1,645,727. The company has a market cap of $7.90 billion, a P/E ratio of 20.53, a PEG ratio of 2.79 and a beta of 1.43. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.77 and a quick ratio of 1.80. RPM International has a 52 week low of $46.36 and a 52 week high of $68.13.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, October 15th. This is a positive change from RPM International’s previous quarterly dividend of $0.32. RPM International’s payout ratio is 47.95%.
In other RPM International news, Director John M. Ballbach purchased 3,360 shares of RPM International stock in a transaction on Monday, October 15th. The stock was bought at an average price of $59.53 per share, for a total transaction of $200,020.80. Following the transaction, the director now owns 13,260 shares of the company’s stock, valued at approximately $789,367.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Edward W. Moore sold 4,168 shares of the business’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $61.91, for a total value of $258,040.88. Following the transaction, the senior vice president now owns 48,931 shares of the company’s stock, valued at approximately $3,029,318.21. The disclosure for this sale can be found here. Insiders have acquired a total of 18,460 shares of company stock valued at $1,143,913 in the last quarter. 1.80% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in RPM International during the 3rd quarter worth $173,000. Winfield Associates Inc. acquired a new position in RPM International during the 2nd quarter worth $204,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of RPM International in the second quarter valued at $204,000. Private Asset Management Inc. acquired a new stake in shares of RPM International in the third quarter valued at $208,000. Finally, Elefante Mark B acquired a new stake in shares of RPM International in the second quarter valued at $213,000. Institutional investors own 80.37% of the company’s stock.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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