RPM International (NYSE:RPM) Price Target Cut to $110.00 by Analysts at Wells Fargo & Company

RPM International (NYSE:RPM) had its price objective reduced by equities research analysts at Wells Fargo & Company from $120.00 to $110.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 0.86% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird boosted their target price on RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. BMO Capital Markets dropped their price objective on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, April 5th. UBS Group dropped their price objective on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Mizuho upped their price objective on RPM International from $128.00 to $136.00 and gave the company a “buy” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average price target of $115.00.

RPM International Price Performance

RPM International stock traded up $2.89 on Thursday, reaching $109.06. The company’s stock had a trading volume of 358,189 shares, compared to its average volume of 614,151. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.50 and a beta of 1.00. The business’s fifty day moving average price is $110.34 and its 200 day moving average price is $110.77. RPM International has a twelve month low of $88.84 and a twelve month high of $120.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC boosted its position in shares of RPM International by 15.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 3,287 shares of the specialty chemicals company’s stock worth $354,000 after buying an additional 445 shares during the period. Versant Capital Management Inc boosted its position in shares of RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 318 shares during the period. DNB Asset Management AS boosted its position in shares of RPM International by 12.9% during the second quarter. DNB Asset Management AS now owns 23,527 shares of the specialty chemicals company’s stock worth $2,533,000 after buying an additional 2,681 shares during the period. GAMMA Investing LLC boosted its position in shares of RPM International by 15.5% during the second quarter. GAMMA Investing LLC now owns 933 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 125 shares during the period. Finally, Transcend Capital Advisors LLC boosted its position in shares of RPM International by 22.7% during the second quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock worth $435,000 after buying an additional 748 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.