RPM International (NYSE:RPM) Lowered to Hold at StockNews.com

StockNews.com cut shares of RPM International (NYSE:RPMGet Rating) from a buy rating to a hold rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Bank of America cut shares of RPM International from a neutral rating to an underperform rating in a research note on Thursday, January 6th. They noted that the move was a valuation call. Wells Fargo & Company lowered their target price on shares of RPM International from $100.00 to $95.00 and set an equal weight rating on the stock in a report on Thursday, April 7th. Zacks Investment Research lowered shares of RPM International from a hold rating to a sell rating and set a $85.00 target price on the stock. in a report on Monday, March 28th. Royal Bank of Canada increased their price objective on shares of RPM International from $87.00 to $94.00 and gave the stock a sector perform rating in a report on Monday, January 10th. Finally, TheStreet lowered shares of RPM International from a b rating to a c+ rating in a report on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $98.00.

Shares of RPM opened at $82.90 on Friday. The company’s 50 day moving average price is $83.13 and its 200 day moving average price is $88.57. RPM International has a 52 week low of $75.11 and a 52 week high of $101.48. The company has a market capitalization of $10.74 billion, a PE ratio of 24.03, a PEG ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.84 and a current ratio of 1.45.

RPM International (NYSE:RPMGet Rating) last posted its earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.08. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that RPM International will post 3.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Thursday, April 14th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13th. This represents a $1.60 annualized dividend and a yield of 1.93%. RPM International’s dividend payout ratio (DPR) is currently 46.38%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of RPM International by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company’s stock worth $161,533,000 after acquiring an additional 34,887 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of RPM International by 5.7% in the fourth quarter. GW&K Investment Management LLC now owns 567,849 shares of the specialty chemicals company’s stock valued at $57,352,000 after buying an additional 30,423 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of RPM International by 13.1% in the first quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock valued at $45,152,000 after buying an additional 64,242 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of RPM International by 5.9% in the fourth quarter. Parametric Portfolio Associates LLC now owns 396,475 shares of the specialty chemicals company’s stock valued at $40,044,000 after buying an additional 22,067 shares in the last quarter. Finally, Renaissance Group LLC grew its stake in shares of RPM International by 11.0% in the fourth quarter. Renaissance Group LLC now owns 321,653 shares of the specialty chemicals company’s stock valued at $32,487,000 after buying an additional 31,830 shares in the last quarter. 79.49% of the stock is owned by institutional investors.

About RPM International (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the 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; and insulated building cladding materials and concrete form wall systems.

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