RPM International Inc. (NYSE:RPM) – Equities research analysts at Seaport Global Securities upped their Q1 2021 earnings per share estimates for RPM International in a research report issued to clients and investors on Wednesday, July 29th. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings of $1.21 per share for the quarter, up from their prior estimate of $0.88. Seaport Global Securities also issued estimates for RPM International’s FY2021 earnings at $3.92 EPS.
RPM International (NYSE:RPM) last released its earnings results on Monday, July 27th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. RPM International had a net margin of 5.53% and a return on equity of 29.73%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year.
RPM has been the subject of several other research reports. Northcoast Research reiterated a “neutral” rating on shares of RPM International in a research note on Monday, July 27th. Morgan Stanley upped their price target on shares of RPM International from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b” rating in a research report on Monday, June 8th. UBS Group upped their price target on shares of RPM International from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets upped their price target on shares of RPM International from $80.00 to $101.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. RPM International has a consensus rating of “Buy” and a consensus price target of $86.38.
RPM stock opened at $81.59 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 2.22 and a quick ratio of 1.46. RPM International has a 1-year low of $42.85 and a 1-year high of $86.48. The firm has a fifty day moving average price of $76.12 and a two-hundred day moving average price of $70.21. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.46 and a beta of 1.14.
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 16th were given a $0.36 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.76%. RPM International’s dividend payout ratio is presently 46.91%.
In related news, SVP Edward W. Moore sold 6,618 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $81.11, for a total value of $536,785.98. Following the completion of the transaction, the senior vice president now owns 62,186 shares in the company, valued at approximately $5,043,906.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in RPM. Geode Capital Management LLC lifted its stake in RPM International by 2.7% during the first quarter. Geode Capital Management LLC now owns 1,473,673 shares of the specialty chemicals company’s stock valued at $87,610,000 after buying an additional 39,137 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in RPM International by 11.7% during the first quarter. Mawer Investment Management Ltd. now owns 799,631 shares of the specialty chemicals company’s stock valued at $47,578,000 after buying an additional 83,516 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in RPM International by 57.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 770,436 shares of the specialty chemicals company’s stock valued at $45,594,000 after buying an additional 281,172 shares in the last quarter. GW&K Investment Management LLC lifted its stake in RPM International by 5.7% during the first quarter. GW&K Investment Management LLC now owns 715,585 shares of the specialty chemicals company’s stock valued at $42,577,000 after buying an additional 38,729 shares in the last quarter. Finally, Alley Co LLC lifted its stake in RPM International by 38.1% during the second quarter. Alley Co LLC now owns 295,098 shares of the specialty chemicals company’s stock valued at $22,150,000 after buying an additional 81,358 shares in the last quarter. Hedge funds and other institutional investors own 76.55% 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.
See Also: Why Invest in Dividend Kings
Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.