Zacks Investment Research upgraded shares of RPM International Inc. (NYSE:RPM) from a hold rating to a buy rating in a research report sent to investors on Saturday morning. They currently have $59.00 price objective on the specialty chemicals company’s stock.
According to Zacks, “RPM Incorporated manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in both industrial and consumer applications. RPM markets its products in numerous countries and operates manufacturing facilities in the United States, Argentina, Belgium, Brazil, Canada, China, Colombia, Germany, Italy, Malaysia, Mexico, New Zealand, The Netherlands, Poland, South Africa, the United Arab Emirates and the United Kingdom. “
A number of other analysts have also recently weighed in on RPM. Evercore ISI initiated coverage on shares of RPM International in a report on Monday, February 13th. They set a buy rating and a $59.00 target price on the stock. Northcoast Research upgraded shares of RPM International from a neutral rating to a buy rating and set a $62.00 price target for the company in a research report on Friday, February 17th. TheStreet upgraded shares of RPM International from a c+ rating to a b- rating in a research report on Thursday, March 16th. Finally, Seaport Global Securities upgraded shares of RPM International from a neutral rating to a buy rating and upped their price target for the stock from $55.00 to $60.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $60.00.
Shares of RPM International (NYSE:RPM) opened at 53.17 on Friday. The stock has a 50 day moving average of $52.36 and a 200 day moving average of $52.79. RPM International has a one year low of $46.25 and a one year high of $56.40. The stock has a market cap of $7.10 billion, a P/E ratio of 34.04 and a beta of 1.38.
RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. RPM International had a return on equity of 26.60% and a net margin of 4.39%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. Equities analysts expect that RPM International will post $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.28%. RPM International’s dividend payout ratio is currently 76.92%.
Several institutional investors have recently added to or reduced their stakes in RPM. Advisory Services Network LLC purchased a new position in RPM International during the first quarter valued at approximately $116,000. Cantab Capital Partners LLP raised its position in RPM International by 82.3% in the fourth quarter. Cantab Capital Partners LLP now owns 2,264 shares of the specialty chemicals company’s stock valued at $122,000 after buying an additional 1,022 shares in the last quarter. Flinton Capital Management LLC purchased a new position in RPM International during the fourth quarter valued at approximately $233,000. Timber Hill LLC purchased a new position in RPM International during the first quarter valued at approximately $234,000. Finally, DF Dent & Co. Inc. raised its position in RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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