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RPM International Inc. (NYSE:RPM - Get Rating) - Equities research analysts at Seaport Res Ptn dropped their Q1 2023 earnings per share estimates for RPM International in a research note issued on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $1.31 for the quarter, down from their previous forecast of $1.32. The consensus estimate for RPM International's current full-year earnings is $4.31 per share. Seaport Res Ptn also issued estimates for RPM International's Q2 2023 earnings at $1.03 EPS, Q3 2023 earnings at $0.38 EPS, Q4 2023 earnings at $1.53 EPS and FY2023 earnings at $4.25 EPS.

A number of other analysts also recently commented on RPM. Bank of America cut their price objective on shares of RPM International from $90.00 to $78.00 and set an "underperform" rating for the company in a report on Wednesday, July 13th. BMO Capital Markets lifted their price objective on RPM International from $104.00 to $111.00 and gave the stock an "outperform" rating in a research report on Thursday, August 25th. Credit Suisse Group started coverage on RPM International in a report on Monday, June 27th. They issued an "outperform" rating and a $95.00 target price for the company. TheStreet upgraded RPM International from a "c+" rating to a "b" rating in a report on Monday, July 25th. Finally, StockNews.com lowered shares of RPM International from a "buy" rating to a "hold" rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, RPM International currently has a consensus rating of "Hold" and an average price target of $96.75.RPM International Stock Performance

NYSE:RPM opened at $91.04 on Friday. The company has a market cap of $11.75 billion, a P/E ratio of 24.02, a P/E/G ratio of 4.38 and a beta of 0.94. RPM International has a twelve month low of $74.56 and a twelve month high of $101.48. The company's 50-day moving average price is $90.11 and its 200-day moving average price is $85.52. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05.

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

A number of large investors have recently modified their holdings of RPM. FDx Advisors Inc. grew its stake in RPM International by 29.2% during the 1st quarter. FDx Advisors Inc. now owns 7,476 shares of the specialty chemicals company's stock worth $609,000 after purchasing an additional 1,691 shares in the last quarter. GW&K Investment Management LLC increased 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 worth $49,519,000 after buying an additional 40,198 shares during the period. Benedict Financial Advisors Inc. increased its stake in shares of RPM International by 2.3% during the first quarter. Benedict Financial Advisors Inc. now owns 22,292 shares of the specialty chemicals company's stock worth $1,815,000 after buying an additional 508 shares during the period. Congress Asset Management Co. MA raised its holdings in RPM International by 2.9% in the first quarter. Congress Asset Management Co. MA now owns 120,366 shares of the specialty chemicals company's stock valued at $9,803,000 after acquiring an additional 3,419 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in RPM International by 38.7% in the first quarter. DNB Asset Management AS now owns 28,569 shares of the specialty chemicals company's stock worth $2,327,000 after acquiring an additional 7,977 shares during the last quarter. Hedge funds and other institutional investors own 81.69% of the company's stock. Insider Activity at RPM International

In other RPM International news, Director Frederick R. Nance sold 2,600 shares of the company's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total transaction of $232,024.00. Following the transaction, the director now directly owns 9,049 shares in the company, valued at $807,532.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Edward W. Moore sold 2,108 shares of the company's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $87.74, for a total transaction of $184,955.92. Following the sale, the senior vice president now directly owns 56,086 shares of the company's stock, valued at approximately $4,920,985.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederick R. Nance sold 2,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $89.24, for a total transaction of $232,024.00. Following the completion of the transaction, the director now directly owns 9,049 shares of the company's stock, valued at approximately $807,532.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,701 shares of company stock worth $506,370. Insiders own 1.60% of the company's stock. RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. RPM International's payout ratio is currently 42.22%. About RPM International (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)Is There a Cure for What is Ailing Teladoc Stock?No One Told These 3 Stocks It’s a Down WeekWhy Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 

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