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

by · The Cerbat Gem

RPM International (NYSE:RPM – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other analysts have also recently commented on RPM. Deutsche Bank Aktiengesellschaft lifted their target price on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective 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, JPMorgan Chase & Co. upped their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.70.

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RPM International Stock Down 0.4 %

Shares of NYSE RPM traded down $0.52 during midday trading on Wednesday, hitting $134.46. 570,894 shares of the company’s stock were exchanged, compared to its average volume of 633,089. The firm’s fifty day simple moving average is $129.12 and its 200-day simple moving average is $118.49. The company has a market cap of $17.31 billion, a PE ratio of 28.19, a P/E/G ratio of 2.02 and a beta of 0.99. RPM International has a twelve month low of $100.56 and a twelve month high of $138.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48.

RPM International (NYSE:RPM – Get Free Report) last released its quarterly earnings data 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 quarter last year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts predict that RPM International will post 5.55 EPS for the current fiscal year.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction dated 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 directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of RPM International 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 of the company’s stock, 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 have sold a total of 11,083 shares of company stock valued at $1,443,549 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its stake in RPM International by 122.9% in the 1st quarter. Covestor Ltd now owns 740 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 408 shares during the last quarter. InterOcean Capital Group LLC acquired a new position in RPM International in the 1st quarter valued at $200,000. LRI Investments LLC acquired a new position in RPM International in the 1st quarter valued at $241,000. SVB Wealth LLC lifted its stake in shares of RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

About RPM International

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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.

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