RPM International (NYSE:RPM) Issues Earnings Results, Beats Estimates By $0.04 EPS

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

RPM International Stock Performance

NYSE RPM opened at $112.96 on Friday. The company has a fifty day simple moving average of $113.25 and a 200 day simple moving average of $105.81. RPM International has a 12-month low of $78.52 and a 12-month high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.45 and a debt-to-equity ratio of 0.93. The company has a market cap of $14.56 billion, a P/E ratio of 26.03, a PEG ratio of 1.70 and a beta of 1.04.

RPM International Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, April 18th. RPM International’s payout ratio is currently 42.40%.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the sale, the vice president now owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the sale, the vice president now owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of RPM International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares of the company’s stock, valued at approximately $892,029. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,215 shares of company stock valued at $1,112,547. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently bought and sold shares of the company. Sanibel Captiva Trust Company Inc. purchased a new position in RPM International during the 4th quarter worth $212,000. Public Employees Retirement System of Ohio boosted its holdings in RPM International by 2.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,439 shares of the specialty chemicals company’s stock worth $6,077,000 after acquiring an additional 1,376 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in RPM International during the 4th quarter worth $1,546,000. Baird Financial Group Inc. raised its stake in shares of RPM International by 0.7% during the 4th quarter. Baird Financial Group Inc. now owns 213,214 shares of the specialty chemicals company’s stock worth $23,801,000 after purchasing an additional 1,452 shares during the period. Finally, Brevan Howard Capital Management LP grew its position in RPM International by 177.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,194 shares of the specialty chemicals company’s stock valued at $915,000 after buying an additional 5,243 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RPM shares. Robert W. Baird raised their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday. Mizuho raised their price target on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets lowered their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday. Finally, UBS Group raised their price target on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RPM International has an average rating of “Hold” and an average target price of $112.60.

RPM International Company Profile

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.