JPMorgan Chase & Co. upgraded shares of RPM International (NYSE:RPM) from an underweight rating to a neutral rating in a research report report published on Monday morning, MarketBeat reports.
RPM has been the topic of a number of other reports. ValuEngine lowered RPM International from a hold rating to a sell rating in a research note on Wednesday, May 2nd. BMO Capital Markets began coverage on RPM International in a research report on Tuesday, March 27th. They set an outperform rating and a $60.00 price objective on the stock. Robert W. Baird reiterated a hold rating and set a $53.00 price objective on shares of RPM International in a research report on Friday, April 6th. Zacks Investment Research lowered RPM International from a buy rating to a hold rating in a research report on Friday, June 8th. Finally, Seaport Global Securities reiterated a buy rating and set a $58.00 price objective on shares of RPM International in a research report on Friday, April 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. RPM International currently has an average rating of Hold and an average price target of $54.29.
Shares of NYSE RPM opened at $59.70 on Monday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.91 and a beta of 1.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.55 and a current ratio of 2.56. RPM International has a twelve month low of $46.36 and a twelve month high of $60.53.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 5th. The specialty chemicals company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.11. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. RPM International had a return on equity of 24.28% and a net margin of 7.23%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. research analysts forecast that RPM International will post 2.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.14%. RPM International’s dividend payout ratio (DPR) is presently 51.82%.
Several institutional investors have recently made changes to their positions in RPM. Amalgamated Bank boosted its holdings in RPM International by 5.6% during the 4th quarter. Amalgamated Bank now owns 27,530 shares of the specialty chemicals company’s stock valued at $1,443,000 after acquiring an additional 1,463 shares during the period. Flinton Capital Management LLC boosted its holdings in RPM International by 24.1% during the 4th quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 1,888 shares during the period. Teachers Advisors LLC boosted its holdings in RPM International by 2.9% during the 4th quarter. Teachers Advisors LLC now owns 142,597 shares of the specialty chemicals company’s stock valued at $7,475,000 after acquiring an additional 4,033 shares during the period. Vaughan David Investments LLC IL boosted its holdings in RPM International by 1.7% during the 1st quarter. Vaughan David Investments LLC IL now owns 451,512 shares of the specialty chemicals company’s stock valued at $21,524,000 after acquiring an additional 7,355 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new stake in RPM International during the 4th quarter valued at about $4,429,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.
About RPM International
RPM International Inc manufactures, markets, and sells specialty chemical products for 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 solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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