Zacks Investment Research lowered shares of RPM International Inc. (NYSE:RPM) from a hold rating to a sell rating in a report published on Tuesday.
According to Zacks, “RPM Incorporated manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in both industrial and consumer applications. RPM markets its products in numerous countries and operates manufacturing facilities in the United States, Argentina, Belgium, Brazil, Canada, China, Colombia, Germany, Italy, Malaysia, Mexico, New Zealand, The Netherlands, Poland, South Africa, the United Arab Emirates and the United Kingdom. “
Separately, TheStreet downgraded shares of RPM International from a b rating to a c+ rating in a research report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. RPM International has a consensus rating of Hold and a consensus target price of $58.50.
Shares of RPM International (NYSE:RPM) traded up 0.299% during midday trading on Tuesday, reaching $51.704. The company’s stock had a trading volume of 157,040 shares. The firm has a market capitalization of $6.91 billion, a P/E ratio of 31.975 and a beta of 1.38. RPM International has a 12-month low of $36.78 and a 12-month high of $55.92. The stock has a 50-day moving average of $52.81 and a 200 day moving average of $52.29.
RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $1.19 billion for the quarter. RPM International had a net margin of 4.39% and a return on equity of 26.60%. RPM International’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Equities research analysts predict that RPM International will post $2.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Monday, January 16th were issued a $0.30 dividend. The ex-dividend date was Wednesday, January 11th. This represents a $1.20 dividend on an annualized basis and a yield of 2.33%. RPM International’s payout ratio is 76.92%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. FDx Advisors Inc. purchased a new position in RPM International during the second quarter worth $205,000. Albion Financial Group UT purchased a new position in RPM International during the third quarter worth $220,000. Quantbot Technologies LP purchased a new position in RPM International during the third quarter worth $236,000. Cutter & CO Brokerage Inc. purchased a new position in RPM International during the fourth quarter worth $245,000. Finally, Riverhead Capital Management LLC boosted its position in RPM International by 11.0% in the third quarter. Riverhead Capital Management LLC now owns 4,800 shares of the company’s stock worth $258,000 after buying an additional 477 shares during the last quarter. 72.60% of the stock is owned by institutional investors.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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