RPM International (NYSE:RPM) Stock Rated “Equal Weight” in New Coverage at Barclays

Barclays initiated coverage on shares of RPM International (NYSE:RPM) in a report issued on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an equal weight rating and a $107.00 price objective on the specialty chemicals company’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. UBS Group decreased their price target on shares of RPM International from $142.00 to $128.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Wall Street Zen cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. KeyCorp lowered their price objective on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.71.

RPM International Stock Performance

Shares of RPM opened at $100.07 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.76 billion, a PE ratio of 18.53, a P/E/G ratio of 1.73 and a beta of 1.05. RPM International has a 12 month low of $92.92 and a 12 month high of $121.78. The stock has a fifty day moving average price of $103.65 and a 200-day moving average price of $104.68.

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

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be issued a $0.57 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, October 20th. This represents a $2.28 annualized dividend and a yield of 2.3%. RPM International’s dividend payout ratio is currently 40.00%.

Hedge Funds Weigh In On RPM International

Institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in shares of RPM International in the first quarter worth $6,963,000. BlackRock Inc. purchased a new position in shares of RPM International during the second quarter worth $1,456,684,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of RPM International during the second quarter worth $1,653,000. Plato Investment Management Ltd acquired a new position in RPM International during the second quarter valued at $3,410,000. Finally, Man Group plc acquired a new position in RPM International during the second quarter valued at $1,833,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.