RPM International (NYSE:RPM) Announces Earnings Results, Beats Estimates By $0.22 EPS

RPM International (NYSE:RPM) announced its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22, FiscalAI reports. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.55 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%.

RPM International Trading Down 0.6%

RPM International stock opened at $96.70 on Wednesday. The firm has a 50 day moving average of $106.93 and a 200 day moving average of $108.32. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.38 and a beta of 1.10. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, April 16th. RPM International’s dividend payout ratio is currently 41.62%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RPM. Citigroup decreased their target price on RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $121.00 to $132.00 in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Wednesday, March 4th. Finally, UBS Group decreased their target price on RPM International from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.33.

Insider Transactions at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury increased its holdings in RPM International by 12.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 49,711 shares of the specialty chemicals company’s stock worth $5,317,000 after acquiring an additional 5,571 shares in the last quarter. Jump Financial LLC purchased a new stake in RPM International in the 4th quarter worth approximately $1,026,000. California State Teachers Retirement System increased its holdings in RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after acquiring an additional 49,979 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in RPM International by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 62,270 shares of the specialty chemicals company’s stock worth $6,476,000 after acquiring an additional 2,165 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in RPM International by 23.6% in the 4th quarter. Captrust Financial Advisors now owns 21,853 shares of the specialty chemicals company’s stock worth $2,273,000 after acquiring an additional 4,168 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.