RPM International (NYSE:RPM) Share Price Breaks Below 200-Day Moving Average – What’s Next?

RPM International Inc. (NYSE:RPM)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $105.29 and traded as low as $102.28. RPM International shares last traded at $103.3370, with a volume of 993,674 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RPM shares. Barclays initiated coverage on RPM International in a research note on Tuesday, October 13th. They issued an “equal weight” rating and a $107.00 price objective for the company. KeyCorp decreased their target price on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Bank of America raised their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley dropped their price target on RPM International from $117.00 to $114.00 and set an “equal weight” rating for the company in a report on Monday, September 28th. Finally, Royal Bank Of Canada decreased their price target on RPM International from $128.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.71.

RPM International Stock Down 2.0%

The company has a market cap of $13.18 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.01. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The firm’s 50 day simple moving average is $100.71 and its 200 day simple moving average is $105.29.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share. Sell-side analysts anticipate that RPM International Inc. will post 5.93 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were given a $0.57 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, October 20th. This represents a $2.28 annualized dividend and a yield of 2.2%. RPM International’s payout ratio is currently 42.22%.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of RPM International during the 2nd quarter valued at about $1,456,684,000. Bank of New York Mellon Corp bought a new stake in shares of RPM International during the 2nd quarter worth approximately $118,220,000. Legal & General Group Plc bought a new stake in shares of RPM International during the second quarter worth approximately $37,713,000. Deutsche Bank AG acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $25,999,000. Finally, Danske Bank A S acquired a new stake in RPM International in the second quarter valued at $20,077,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.