RPM International Inc. (NYSE:RPM) – Research analysts at Seaport Global Securities decreased their Q1 2020 EPS estimates for shares of RPM International in a research report issued on Friday, July 12th. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $0.95 for the quarter, down from their previous estimate of $1.02. Seaport Global Securities also issued estimates for RPM International’s Q2 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $1.29 EPS, FY2020 earnings at $3.25 EPS and FY2021 earnings at $3.89 EPS.
Several other research analysts have also weighed in on RPM. TheStreet upgraded Voya Financial from a “c+” rating to a “b-” rating in a report on Friday, April 5th. Gabelli reiterated a “buy” rating on shares of RPM International in a report on Monday, April 8th. JPMorgan Chase & Co. set a $60.00 target price on Bayerische Motoren Werke and gave the stock a “sell” rating in a report on Monday, April 8th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Finally, BMO Capital Markets reissued a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.57.
RPM stock opened at $61.73 on Monday. The business’s 50-day simple moving average is $59.28. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.05 and a beta of 1.27. RPM International has a 1-year low of $51.95 and a 1-year high of $68.13.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RPM. Norges Bank acquired a new stake in shares of RPM International in the 4th quarter valued at about $63,851,000. Ellis Investment Partners LLC raised its stake in shares of RPM International by 5,704.0% in the 1st quarter. Ellis Investment Partners LLC now owns 541,048 shares of the specialty chemicals company’s stock valued at $541,000 after purchasing an additional 531,726 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of RPM International in the 4th quarter valued at about $15,417,000. Geode Capital Management LLC raised its stake in shares of RPM International by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,283,241 shares of the specialty chemicals company’s stock valued at $75,428,000 after purchasing an additional 88,197 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of RPM International by 4.2% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,207,878 shares of the specialty chemicals company’s stock valued at $70,105,000 after purchasing an additional 48,379 shares during the period. 76.80% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, July 15th. RPM International’s dividend payout ratio is 47.95%.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.