In yesterday’s Wall Street session, RPM International Inc. (NYSE:RPM) shares traded at $84.19, down -2.35% from the previous session.
16 analysts cover RPM International Inc. (NYSE:RPM), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $119.00 and a low of $83.00, we find $94.50. Given the previous closing price of $86.22, this indicates a potential upside of 9.6 percent. RPM stock price is now -4.91% away from the 50-day moving average and -6.96% away from the 200-day moving average. The market capitalization of the company currently stands at $11.09B.
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The stock has received a hold rating from 10 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $97.93 as their price target over the next twelve months.
On October 18, 2022, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $105 to quote $101, while ‘JP Morgan’ rates the stock as ‘Overweight’.
In other news, Ratajczak Matthew T, VP-Global Tax and Treasurer sold 16,000 shares of the company’s stock on Nov 10. The stock was sold for $1,596,640 at an average price of $99.79. Upon completion of the transaction, the VP-Global Tax and Treasurer now directly owns 39,546 shares in the company, valued at $3.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, Chairman and CEO SULLIVAN FRANK C sold 65,000 shares of the business’s stock. A total of $6,019,020 was realized by selling the stock at an average price of $92.60. This leaves the insider owning 1,050,706 shares of the company worth $88.46 million. Insiders disposed of 292,795 shares of company stock worth roughly $24.65 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RPM stock. A new stake in RPM International Inc. shares was purchased by NATIONAL PENSION SERVICE during the first quarter worth $16,735,000. AMALGAMATED FINANCIAL CORP. invested $7,868,000 in shares of RPM during the first quarter. In the first quarter, COOKSON PEIRCE & CO INC acquired a new stake in RPM International Inc. valued at approximately $6,597,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. acquired a new stake in RPM for approximately $6,556,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in RPM valued at around $5,068,000 in the second quarter. In total, there are 800 active investors with 84.20% ownership of the company’s stock.
On Wednesday morning RPM International Inc. (NYSE: RPM) stock kicked off with the opening price of $84.58. During the past 12 months, RPM International Inc. has had a low of $74.56 and a high of $106.50. As of last week, the company has a debt-to-equity ratio of 1.36, a current ratio of 2.60, and a quick ratio of 1.50. The fifty day moving average price for RPM is $88.27 and a two-hundred day moving average price translates $90.47 for the stock.
The latest earnings results from RPM International Inc. (NYSE: RPM) was released for Nov, 2022. According to the Specialty Chemicals Company, earnings per share came in at $1.1, inline with analysts’ expectations of $1.1. This compares to $0.97 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 26.80% for RPM. The company reported revenue of $1.79 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.28 percent. For the current quarter, analysts expect RPM to generate $1.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/20/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 2.00% percent yield. There was an ex-dividend date of 01/19/2023 for this dividend. In terms of dividend payout ratio, RPM is presently at 38.60%.
RPM International Inc.(RPM) Company Profile
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. It also provides polymer flooring systems; fiberglass reinforced plastic gratings and shapes; corrosion-control coating, containment and railcar lining, fire and sound proofing, and heat and cryogenic insulation products; specialty construction products; amine curing agents, reactive diluents, and epoxy resins; fluorescent colorants and pigments; shellac-based-specialty and marine coatings; fire and water damage restoration, carpet cleaning, and disinfecting products; fuel additives; wood treatments, and touch-up products; and nail enamels, polishes, and coating components. In addition, it offers paint contractors and the DIYers solutions, concrete restoration and flooring, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulk, sealant, adhesive, insulating foam, spackling, glazing, patch, and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio.
