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

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

Several other analysts have also recently issued reports on RPM. JPMorgan Chase & Co. increased their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped 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. UBS Group lifted their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Performance

Shares of RPM International stock opened at $122.36 on Monday. 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 stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The business has a 50-day moving average of $131.45 and a 200 day moving average of $123.13. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International will post 5.56 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.67%. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

Insider Transactions at RPM International

In related news, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at $1,474,315.44. The trade was a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,927 shares of company stock worth $1,037,214 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

Several institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of RPM International in the 2nd quarter valued at about $45,000. United Services Automobile Association boosted its stake in shares of RPM International by 3.3% during the 2nd quarter. United Services Automobile Association now owns 10,335 shares of the specialty chemicals company’s stock worth $1,113,000 after acquiring an additional 331 shares in the last quarter. Forsta AP Fonden boosted its stake in shares of RPM International by 13.2% during the 2nd quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock worth $2,778,000 after acquiring an additional 3,000 shares in the last quarter. Achmea Investment Management B.V. grew its holdings in shares of RPM International by 4.1% in the 2nd quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock worth $9,242,000 after acquiring an additional 3,363 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new position in RPM International in the 2nd quarter valued at approximately $950,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.