RPM International (RPM) Given Buy Rating at Morgan Stanley

Morgan Stanley reiterated their buy rating on shares of RPM International (NYSE:RPM) in a research note released on Monday.

RPM has been the subject of several other reports. BMO Capital Markets boosted their price target on RPM International from $60.00 to $75.00 and gave the company an outperform rating in a research note on Thursday, July 12th. ValuEngine upgraded RPM International from a hold rating to a buy rating in a research note on Thursday, July 19th. Zacks Investment Research upgraded RPM International from a sell rating to a hold rating in a research note on Tuesday, September 25th. Northcoast Research cut 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. Finally, Vertical Research cut RPM International from a buy rating to a hold rating in a research note on Tuesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $60.00.

Shares of RPM stock opened at $60.56 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.45 and a quick ratio of 1.63. The company has a market capitalization of $8.67 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.34 and a beta of 1.43. RPM International has a 1 year low of $46.36 and a 1 year high of $68.13.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.10). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. RPM International had a net margin of 6.35% and a return on equity of 23.82%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, analysts predict that RPM International will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, October 15th. This is a boost from RPM International’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 2.31%. RPM International’s dividend payout ratio is presently 43.84%.

In other RPM International news, Director John M. Ballbach bought 8,100 shares of the business’s stock in a transaction on Monday, July 23rd. The stock was purchased at an average cost of $62.12 per share, for a total transaction of $503,172.00. Following the completion of the purchase, the director now directly owns 8,100 shares of the company’s stock, valued at $503,172. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Livingston bought 5,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were acquired at an average price of $64.06 per share, with a total value of $320,300.00. Following the completion of the purchase, the director now directly owns 7,150 shares of the company’s stock, valued at $458,029. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Asset Management Inc. bought a new stake in RPM International during the third quarter worth $208,000. BTR Capital Management Inc. bought a new stake in RPM International during the third quarter worth $221,000. Winfield Associates Inc. bought a new stake in RPM International during the second quarter worth $204,000. Baltimore Washington Financial Advisors Inc. bought a new stake in RPM International during the second quarter worth $204,000. Finally, Elefante Mark B bought a new stake in RPM International during the second quarter worth $213,000. Hedge funds and other institutional investors own 79.99% 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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Analyst Recommendations for RPM International (NYSE:RPM)

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