RPM International Inc. (NYSE:RPM) Given Average Rating of "Hold" by Brokerages - MarketBeat

2022-10-08 11:19:41 By : Mr. Newben Yang

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Shares of RPM International Inc. (NYSE:RPM - Get Rating) have been given an average recommendation of "Hold" by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $96.75.

Several research firms have issued reports on RPM. BMO Capital Markets lifted their price objective on RPM International from $104.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, August 25th. Bank of America dropped their price objective on RPM International from $90.00 to $78.00 and set an "underperform" rating on the stock in a report on Wednesday, July 13th. StockNews.com downgraded RPM International from a "buy" rating to a "hold" rating in a report on Friday, September 9th. Credit Suisse Group initiated coverage on RPM International in a report on Monday, June 27th. They set an "outperform" rating and a $95.00 price objective on the stock. Finally, TheStreet upgraded RPM International from a "c+" rating to a "b" rating in a research report on Monday, July 25th.Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 993 shares of the business'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 transaction of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares in the company, valued at approximately $5,000,250.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RPM International news, Director Frederick R. Nance sold 2,600 shares of the business's stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total transaction of $232,024.00. Following the completion of the transaction, the director now owns 9,049 shares in the company, valued at approximately $807,532.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 993 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $5,000,250.92. The disclosure for this sale can be found here. Insiders sold 5,701 shares of company stock worth $506,370 in the last 90 days. 1.60% of the stock is currently owned by company insiders. Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in RPM International during the 1st quarter worth $36,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in RPM International during the 2nd quarter worth $47,000. Eagle Bay Advisors LLC raised its stake in shares of RPM International by 2,340.0% in the 2nd quarter. Eagle Bay Advisors LLC now owns 732 shares of the specialty chemicals company's stock worth $58,000 after buying an additional 702 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of RPM International by 200.4% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 802 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 535 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of RPM International in the 1st quarter worth $68,000. Institutional investors and hedge funds own 81.69% of the company's stock. RPM International Stock Performance

Shares of NYSE:RPM opened at $83.31 on Monday. The company has a market cap of $10.75 billion, a P/E ratio of 21.98, a PEG ratio of 4.01 and a beta of 0.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.96 and a current ratio of 1.56. RPM International has a one year low of $74.56 and a one year high of $101.48. The business's 50-day simple moving average is $90.96 and its 200 day simple moving average is $86.05.

RPM International (NYSE:RPM - Get Rating) last announced its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.96 billion. RPM International had a net margin of 7.33% and a return on equity of 25.57%. The business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. On average, sell-side analysts forecast that RPM International will post 4.29 earnings per share for the current fiscal year. RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. RPM International's dividend payout ratio is currently 42.22%. RPM International Company Profile (Get Rating)

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.Read MoreGet a free copy of the StockNews.com research report on RPM International (RPM)Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30

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