RPM International Inc. (NYSE:RPM) – Seaport Global Securities increased their FY2019 earnings per share estimates for RPM International in a research report issued on Tuesday, April 9th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings per share of $2.56 for the year, up from their prior estimate of $2.52.
RPM has been the topic of a number of other reports. TheStreet downgraded RPM International from a “b-” rating to a “c” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded RPM International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 29th. JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $55.00 in a research report on Monday, April 8th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 price target on shares of RPM International in a research report on Sunday, January 6th. Finally, ValuEngine downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. RPM International has a consensus rating of “Hold” and an average price target of $66.57.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. RPM International had a return on equity of 21.39% and a net margin of 3.96%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RPM. California Public Employees Retirement System boosted its stake in RPM International by 2.1% in the first quarter. California Public Employees Retirement System now owns 260,551 shares of the specialty chemicals company’s stock worth $15,122,000 after purchasing an additional 5,272 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of RPM International during the first quarter worth $46,000. Benedict Financial Advisors Inc. raised its position in shares of RPM International by 1.4% during the first quarter. Benedict Financial Advisors Inc. now owns 18,227 shares of the specialty chemicals company’s stock worth $1,058,000 after acquiring an additional 251 shares during the last quarter. Waldron Private Wealth LLC raised its position in shares of RPM International by 11.8% during the first quarter. Waldron Private Wealth LLC now owns 15,738 shares of the specialty chemicals company’s stock worth $913,000 after acquiring an additional 1,666 shares during the last quarter. Finally, Keeley Teton Advisors LLC raised its position in shares of RPM International by 7.7% during the first quarter. Keeley Teton Advisors LLC now owns 43,391 shares of the specialty chemicals company’s stock worth $2,518,000 after acquiring an additional 3,112 shares during the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Monday, April 15th. RPM International’s dividend payout ratio is currently 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.
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