RPM International Inc. (NYSE:RPM) Receives Average Recommendation of "Hold" from Brokerages - MarketBeat

2022-09-10 12:09:13 By : Mr. Jason Peng

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RPM International Inc. (NYSE:RPM - Get Rating) has been assigned an average rating of "Hold" from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $96.75.

Several brokerages recently commented on RPM. Bank of America cut their price target on shares of RPM International from $90.00 to $78.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 13th. StockNews.com raised RPM International from a "hold" rating to a "buy" rating in a report on Thursday, September 1st. TheStreet raised RPM International from a "c+" rating to a "b" rating in a report on Monday, July 25th. Credit Suisse Group assumed coverage on RPM International in a report on Monday, June 27th. They issued an "outperform" rating and a $95.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on RPM International from $104.00 to $111.00 and gave the company an "outperform" rating in a report on Thursday, August 25th.RPM International Trading Up 3.1 %

Shares of NYSE:RPM opened at $95.46 on Thursday. RPM International has a 52 week low of $74.56 and a 52 week high of $101.48. The company's 50 day moving average is $88.51 and its two-hundred day moving average is $85.12. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. The company has a market cap of $12.32 billion, a PE ratio of 25.19, a P/E/G ratio of 4.40 and a beta of 0.94.

RPM International (NYSE:RPM - Get Rating) last announced its quarterly earnings data on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.44 by ($0.02). The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.96 billion. RPM International had a net margin of 7.33% and a return on equity of 25.57%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. Equities analysts predict that RPM International will post 4.31 earnings per share for the current fiscal year. RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, July 14th. RPM International's dividend payout ratio (DPR) is presently 42.22%. Insider Transactions at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 993 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $90.02, for a total value of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other RPM International news, VP Matthew T. Ratajczak sold 993 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $90.02, for a total value of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward W. Moore sold 2,108 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total value of $184,955.92. Following the completion of the transaction, the senior vice president now owns 56,086 shares of the company's stock, valued at approximately $4,920,985.64. The disclosure for this sale can be found here. Insiders sold 5,701 shares of company stock worth $506,370 over the last 90 days. 1.60% of the stock is currently owned by insiders. Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cowa LLC boosted its stake in shares of RPM International by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company's stock valued at $263,000 after acquiring an additional 319,411 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of RPM International by 13.1% during the first quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company's stock valued at $45,152,000 after acquiring an additional 64,242 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of RPM International by 116.6% during the second quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company's stock valued at $5,969,000 after acquiring an additional 40,748 shares during the last quarter. GW&K Investment Management LLC boosted its stake in shares of RPM International by 7.1% during the first quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company's stock valued at $49,519,000 after acquiring an additional 40,198 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of RPM International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company's stock valued at $161,533,000 after acquiring an additional 34,887 shares during the last quarter. Hedge funds and other institutional investors own 81.69% of the company's stock. RPM International Company Profile (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and manufacturing industry; 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.Featured StoriesGet a free copy of the StockNews.com research report on RPM International (RPM)3 High Margin Chipmakers Bound to Recover3 Solar Stocks That Will Benefit From the Biden Tariff Holiday REV Group Has A Deep Moat In The World Of EVs Is G-III Apparel Group, Ltd. A Value Trap? Bank Of America Sees Upside In These 2 European Alcohol Stocks

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