RPM International (NYSE:RPM) Price Target Increased to $140.00 by Analysts at BMO Capital Markets

RPM International (NYSE:RPM) had its price objective raised by BMO Capital Markets from $123.00 to $140.00 in a research report released on Friday, Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

RPM has been the topic of several other research reports. Mizuho raised their price target on RPM International from $128.00 to $136.00 and gave the company a buy rating in a report on Friday, April 5th. UBS Group reduced their price objective on RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. Robert W. Baird increased their price objective on RPM International from $105.00 to $120.00 and gave the company a neutral rating in a research report on Friday, April 5th. Vertical Research upgraded RPM International from a hold rating to a buy rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. lowered RPM International from an overweight rating to a neutral rating and set a $120.00 price objective on the stock. in a research report on Friday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $120.55.

RPM International Stock Performance

NYSE:RPM opened at $117.56 on Friday. The business’s 50-day moving average price is $110.64 and its two-hundred day moving average price is $111.09. RPM International has a twelve month low of $88.84 and a twelve month high of $121.63. The stock has a market cap of $15.14 billion, a P/E ratio of 27.09, a PEG ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.79.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting the consensus estimate of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm posted $1.36 EPS. The company’s revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict that RPM International will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.84 annualized dividend and a yield of 1.57%. RPM International’s payout ratio is 42.40%.

Hedge Funds Weigh In On RPM International

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in RPM International during the 4th quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in RPM International in the 1st quarter worth approximately $38,000. Cambridge Trust Co. lifted its holdings in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 246 shares during the period. Versant Capital Management Inc lifted its holdings in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 318 shares during the period. Finally, LRI Investments LLC purchased a new stake in RPM International in the 1st quarter worth approximately $52,000. 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.