RPM International (NYSE:RPM) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research report released on Wednesday morning.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Mizuho dropped their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $129.70.

RPM International Price Performance

Shares of RPM opened at $137.87 on Wednesday. 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 company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.04 and a beta of 0.99. The business’s 50-day moving average is $129.79 and its 200-day moving average is $118.85. RPM International has a fifty-two week low of $100.56 and a fifty-two week high of $138.26.

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

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock worth $1,443,549 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

A number of hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its stake in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc bought a new position in shares of RPM International during the 3rd quarter worth about $35,000. Cambridge Trust Co. boosted its position in shares of RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Eastern Bank bought a new stake in RPM International in the third quarter valued at about $41,000. Finally, UMB Bank n.a. raised its position in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares in 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.