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

RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Friday, January 3rd,RTT News reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.51 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.04 annualized dividend and a dividend yield of 1.69%.

RPM International has increased its dividend payment by an average of 5.6% per year over the last three years and has increased its dividend annually for the last 51 consecutive years. RPM International has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect RPM International to earn $6.20 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 32.9%.

RPM International Stock Up 1.3 %

RPM opened at $120.81 on Friday. RPM International has a 52 week low of $100.82 and a 52 week high of $141.79. The business has a 50 day moving average price of $131.87 and a two-hundred day moving average price of $122.83. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The company has a market cap of $15.55 billion, a PE ratio of 25.33, a P/E/G ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 earnings per share. As a group, research analysts anticipate that RPM International will post 5.56 EPS for the current year.

Analysts Set New Price Targets

RPM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada increased their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.00.

Insider Buying and Selling

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now owns 21,183 shares in the company, valued at $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock worth $1,443,549 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.