RPM International (NYSE:RPM) Announces Quarterly Earnings Results

RPM International (NYSE:RPM) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04, Briefing.com reports. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. RPM International updated its Q4 2024 guidance to EPS.

RPM International Stock Performance

RPM International stock opened at $112.96 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.45. RPM International has a 1-year low of $78.52 and a 1-year high of $120.74. The firm has a market capitalization of $14.56 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The company’s 50-day moving average is $113.25 and its 200 day moving average is $105.81.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, April 18th. RPM International’s dividend payout ratio (DPR) is currently 42.40%.

Wall Street Analysts Forecast Growth

Several analysts have commented on RPM shares. UBS Group boosted their price target on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday. Mizuho boosted their price target on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets decreased their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, RPM International has a consensus rating of “Hold” and an average target price of $112.60.

Insider Buying and Selling

In related news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the transaction, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy R. Kinser sold 2,380 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $107.00, for a total transaction of $254,660.00. Following the completion of the transaction, the vice president now owns 20,767 shares in the company, valued at $2,222,069. The disclosure for this sale can be found here. Insiders have sold 10,215 shares of company stock valued at $1,112,547 in the last ninety days. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently modified their holdings of RPM. Cowa LLC boosted its stake in shares of RPM International by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 319,411 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of RPM International by 3.2% during the first quarter. Geode Capital Management LLC now owns 1,827,966 shares of the specialty chemicals company’s stock valued at $159,244,000 after purchasing an additional 56,726 shares in the last quarter. Kennedy Capital Management LLC bought a new position in shares of RPM International during the second quarter valued at approximately $2,704,000. State of Tennessee Treasury Department boosted its stake in shares of RPM International by 66.6% during the fourth quarter. State of Tennessee Treasury Department now owns 53,800 shares of the specialty chemicals company’s stock valued at $6,006,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in RPM International during the third quarter valued at approximately $1,669,000. 80.95% of the stock is currently owned by institutional investors.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional 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; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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.