RPM International (NYSE:RPM) Posts Quarterly Earnings Results

RPM International (NYSE:RPM) posted its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. RPM International updated its Q4 2024 guidance to EPS.

RPM International Trading Up 1.1 %

Shares of RPM stock opened at $112.96 on Friday. The stock has a market cap of $14.56 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. RPM International has a 1 year low of $78.52 and a 1 year high of $120.74. The company has a current ratio of 2.29, a quick ratio of 1.45 and a debt-to-equity ratio of 0.93. The stock has a 50 day simple moving average of $113.25 and a 200 day simple moving average of $105.81.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. RPM International’s dividend payout ratio is presently 42.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Mizuho boosted their target price on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. UBS Group upped their price objective on shares of RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a report on Friday. Robert W. Baird raised their target price on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, BMO Capital Markets reduced their target price on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, RPM International currently has an average rating of “Hold” and a consensus price target of $112.60.

Insider Buying and Selling

In other news, Director Frederick R. Nance sold 1,835 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now directly owns 8,180 shares in the company, valued at approximately $892,029. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Matthew T. Ratajczak sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the transaction, the vice president now owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now directly owns 8,180 shares of the company’s stock, valued at approximately $892,029. The disclosure for this sale can be found here. Insiders have sold 10,215 shares of company stock valued at $1,112,547 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RPM International

Institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in RPM International by 67.8% in the 2nd quarter. Captrust Financial Advisors now owns 12,665 shares of the specialty chemicals company’s stock worth $997,000 after purchasing an additional 5,118 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in RPM International by 177.7% in the 4th quarter. Brevan Howard Capital Management LP now owns 8,194 shares of the specialty chemicals company’s stock worth $915,000 after purchasing an additional 5,243 shares in the last quarter. Natixis acquired a new position in RPM International in the 4th quarter worth about $877,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in RPM International in the 4th quarter worth about $594,000. Finally, Azimuth Capital Investment Management LLC increased its holdings in RPM International by 4.3% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 6,598 shares of the specialty chemicals company’s stock worth $576,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International 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.