RPM International Inc. (NYSE:RPM) – Equities researchers at Seaport Global Securities dropped their Q2 2018 earnings estimates for RPM International in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.64. Seaport Global Securities also issued estimates for RPM International’s FY2018 earnings at $2.87 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.71 EPS and FY2019 earnings at $3.24 EPS.
A number of other brokerages have also recently commented on RPM. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Bank of America Corporation cut their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. TheStreet cut shares of RPM International from a “b” rating to a “c+” rating in a report on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 target price on shares of RPM International in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.00.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. RPM International’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of RPM International by 2.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after acquiring an additional 57 shares during the last quarter. Albion Financial Group UT increased its stake in shares of RPM International by 1.1% during the 2nd quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after acquiring an additional 95 shares during the last quarter. Buffington Mohr McNeal increased its stake in shares of RPM International by 0.5% during the 2nd quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock valued at $1,068,000 after acquiring an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of RPM International by 0.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock valued at $1,854,000 after acquiring an additional 200 shares during the last quarter. Finally, Fieldpoint Private Securities LLC increased its position in RPM International by 1.5% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock worth $753,000 after purchasing an additional 200 shares in the last quarter. 73.49% of the stock is owned by institutional investors.
In other news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the completion of the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.47%. This is an increase from RPM International’s previous quarterly dividend of $0.30. RPM International’s dividend payout ratio is currently 88.89%.
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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