RPM International (NYSE:RPM) Price Target Raised to $140.00

RPM International (NYSE:RPM) had its price target boosted by Deutsche Bank Aktiengesellschaft from $132.00 to $140.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts also recently issued reports on RPM. UBS Group lowered their price target on RPM International from $122.00 to $117.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Vertical Research raised RPM International from a hold rating to a buy rating and set a $126.00 target price for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a neutral rating in a research note on Thursday. StockNews.com upgraded shares of RPM International from a hold rating to a buy rating in a report on Thursday, September 26th. Finally, Mizuho dropped their price objective on shares of RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $129.70.

RPM International Stock Up 1.3 %

RPM International stock opened at $128.91 on Thursday. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.92 and a beta of 1.00. The company’s 50 day simple moving average is $118.48 and its 200 day simple moving average is $113.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.32. RPM International has a fifty-two week low of $88.84 and a fifty-two week high of $129.91.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RPM International will post 5.49 EPS for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a $0.51 dividend. The ex-dividend date is Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. This is an increase from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio (DPR) is 42.40%.

Insider Buying and Selling at RPM International

In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in RPM International in the 2nd quarter valued at about $71,000. 3Chopt Investment Partners LLC bought a new stake in RPM International in the second quarter valued at approximately $315,000. Pacer Advisors Inc. lifted its position in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after buying an additional 1,930,072 shares during the last quarter. One Capital Management LLC boosted its stake in shares of RPM International by 25.3% during the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares during the period. Finally, Plato Investment Management Ltd increased its holdings in shares of RPM International by 2.5% during the 2nd quarter. Plato Investment Management Ltd now owns 17,319 shares of the specialty chemicals company’s stock worth $1,865,000 after acquiring an additional 415 shares during the last quarter. Institutional investors 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.