In yesterday’s Wall Street session, RPM International Inc. (NYSE:RPM) shares traded at $100.34, up 0.60% 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 $123.00 and a low of $97.00, we find $108.50. Given the previous closing price of $99.74, this indicates a potential upside of 8.78 percent. RPM stock price is now 4.22% away from the 50-day moving average and 10.99% away from the 200-day moving average. The market capitalization of the company currently stands at $12.87B.
The stock has received a hold rating from 8 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $109.07 as their price target over the next twelve months.
With the price target enhanced from $90 to $118, Deutsche Bank Upgraded its rating from Hold to Buy for RPM International Inc. (NYSE: RPM).
In other news, Laroche Michael J., VP, Controller & CAO sold 2,593 shares of the company’s stock on Aug 16. The stock was sold for $268,714 at an average price of $103.63. Upon completion of the transaction, the VP, Controller & CAO now directly owns 12,286 shares in the company, valued at $1.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, VP-Global Tax and Treasurer Ratajczak Matthew T sold 6,137 shares of the business’s stock. A total of $633,885 was realized by selling the stock at an average price of $103.29. This leaves the insider owning 29,451 shares of the company worth $2.96 million. Insiders disposed of 401,527 shares of company stock worth roughly $40.29 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 RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $12,091,000. MN SERVICES VERMOGENSBEHEER B.V. invested $6,161,000 in shares of RPM during the first quarter. In the first quarter, DUQUESNE FAMILY OFFICE LLC acquired a new stake in RPM International Inc. valued at approximately $5,920,000. HOLOCENE ADVISORS, LP acquired a new stake in RPM for approximately $5,017,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in RPM valued at around $4,687,000 in the second quarter. In total, there are 812 active investors with 84.20% ownership of the company’s stock.
On Friday morning RPM International Inc. (NYSE: RPM) stock kicked off with the opening price of $100.28. During the past 12 months, RPM International Inc. has had a low of $78.52 and a high of $107.40. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 2.10, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $15.71B, which is based on a 26.94 price-to-earnings ratio, a 1.59 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for RPM is $96.63 and a two-hundred day moving average price translates $90.42 for the stock.
The latest earnings results from RPM International Inc. (NYSE: RPM) was released for May, 2023. According to the Specialty Chemicals Company, earnings per share came in at $1.36, beating analysts’ expectations of $1.3 by 0.06. This compares to $1.52 EPS in the same period last year. The net profit margin was 6.60% and return on equity was 23.00% for RPM. The company reported revenue of $2.02 billion for the quarter, compared to $1.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.63 percent. For the current quarter, analysts expect RPM to generate $1.97B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 07/18/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 1.67% percent yield. There was an ex-dividend date of 07/17/2023 for this dividend. In terms of dividend payout ratio, RPM is presently at 43.90%.
RPM International Inc.(RPM) 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. 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, coatings, and touch-up products; and nail enamels, polishes, and coating components. In addition, it offers solutions for the paint contractors and DIYers, concrete restoration and flooring, metallic and faux finish coatings, cleaners, and hobby paints and cements; and caulks, adhesives, insulating foams, and patches, as well as spackling, glazing, and repair products. The company was incorporated in 1947 and is headquartered in Medina, Ohio.
