RPM International Inc. (NYSE:RPM) Stock Has Average Target Price of $121.71

Shares of RPM International Inc. (NYSE:RPM) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $121.71.

Several equities analysts have recently commented on RPM shares. Barclays initiated coverage on RPM International in a research note on Tuesday, October 13th. They set an “equal weight” rating and a $107.00 price target on the stock. BMO Capital Markets upped their price objective on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. UBS Group dropped their target price on shares of RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Citigroup cut their target price on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Finally, KeyCorp reduced their price target on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a report on Friday, October 9th.

Hedge Funds Weigh In On RPM International

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of RPM International by 16.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 19,972 shares of the specialty chemicals company’s stock worth $1,971,000 after purchasing an additional 2,860 shares during the last quarter. Pension & Wealth Management Advisors Inc. grew its stake in RPM International by 35.0% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,195 shares of the specialty chemicals company’s stock valued at $118,000 after purchasing an additional 310 shares during the last quarter. Fortitude Family Office LLC raised its holdings in RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 195 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of RPM International by 8.1% during the third quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 209 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of RPM International by 468.4% during the third quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock valued at $286,000 after buying an additional 2,389 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Price Performance

RPM International stock opened at $99.89 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. The firm has a 50-day moving average of $102.33 and a two-hundred day moving average of $104.70. RPM International has a 1 year low of $92.92 and a 1 year high of $121.78.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. On average, research analysts forecast that RPM International will post 5.96 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.57 per share. This is a boost from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 20th. RPM International’s payout ratio is 42.22%.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves industrial, construction, commercial and consumer markets through a portfolio of businesses that develop products designed to protect, repair, maintain and enhance buildings, infrastructure, equipment and other surfaces.

RPM’s products include architectural and industrial coatings, waterproofing systems, roofing materials, flooring systems, caulks, adhesives, sealants and repair products.