RPM International Inc. (NYSE:RPM) to Issue Quarterly Dividend of $0.51

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Thursday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.51 per share by the specialty chemicals company on Thursday, October 31st. This represents a $2.04 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46.

RPM International has raised its dividend by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 51 years. RPM International has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Analysts expect RPM International to earn $6.19 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 33.0%.

RPM International Price Performance

Shares of NYSE:RPM opened at $133.12 on Thursday. The company’s fifty day moving average price is $120.79 and its 200-day moving average price is $114.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.97 and a beta of 1.00. RPM International has a one year low of $88.84 and a one year high of $134.56.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts anticipate that RPM International will post 5.55 earnings per share for the current fiscal year.

Insider Transactions at RPM International

In related news, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now owns 21,183 shares in the company, valued at $2,727,311.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,691 shares of company stock worth $7,202,419. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on RPM shares. Royal Bank of Canada boosted their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. UBS Group lowered their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Mizuho lowered their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $129.70.

About RPM International

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.