RPM International Inc. (NYSE:RPM – Get Rating) – Analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for RPM International in a research note issued to investors on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will post earnings per share of $5.10 for the year, up from their prior estimate of $5.00. The consensus estimate for RPM International's current full-year earnings is $4.29 per share.
Get RPM International alerts:Several other brokerages have also recently issued reports on RPM. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research note on Friday, September 9th. BMO Capital Markets raised their target price on RPM International from $104.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, August 25th. TheStreet raised RPM International from a "c+" rating to a "b" rating in a report on Monday, July 25th. Credit Suisse Group began coverage on RPM International in a report on Monday, June 27th. They set an "outperform" rating and a $95.00 target price on the stock. Finally, Bank of America dropped their target price on RPM International from $90.00 to $78.00 and set an "underperform" rating on the stock in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $96.75.
RPM International Trading Down 3.0 %
Shares of NYSE:RPM opened at $88.31 on Monday. RPM International has a 52-week low of $74.56 and a 52-week high of $101.48. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 4.21 and a beta of 0.94. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $90.28 and a 200-day moving average price of $85.60.RPM International (NYSE:RPM – Get Rating) last announced its quarterly earnings data on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.02). RPM International had a return on equity of 25.57% and a net margin of 7.33%. The firm had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company's revenue for the quarter was up 13.7% compared to the same quarter last year.
Institutional Investors Weigh In On RPM International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stock Yards Bank & Trust Co. purchased a new stake in RPM International in the second quarter valued at $791,000. Captrust Financial Advisors grew its stake in shares of RPM International by 67.8% in the second quarter. Captrust Financial Advisors now owns 12,665 shares of the specialty chemicals company's stock valued at $997,000 after buying an additional 5,118 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in shares of RPM International by 2,340.0% in the second quarter. Eagle Bay Advisors LLC now owns 732 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 702 shares in the last quarter. Neo Ivy Capital Management grew its stake in shares of RPM International by 17.3% in the second quarter. Neo Ivy Capital Management now owns 4,575 shares of the specialty chemicals company's stock valued at $360,000 after buying an additional 675 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of RPM International in the second quarter valued at $1,092,000. Hedge funds and other institutional investors own 81.69% of the company's stock.
Insider Buying and Selling at RPM International
In other news, VP Matthew T. Ratajczak sold 993 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $90.02, for a total value of $89,389.86. Following the transaction, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Matthew T. Ratajczak sold 993 shares of RPM International stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $90.02, for a total transaction of $89,389.86. Following the transaction, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Edward W. Moore sold 2,108 shares of RPM International stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total value of $184,955.92. Following the transaction, the senior vice president now owns 56,086 shares in the company, valued at approximately $4,920,985.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,701 shares of company stock valued at $506,370. Company insiders own 1.60% of the company's stock.
RPM International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, July 14th. RPM International's payout ratio is currently 42.22%.
RPM International Company Profile
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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; solutions for fire stopping and intumescent steel coating, and manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.
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