StockNews.com Upgrades RPM International (NYSE:RPM) to Buy

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

RPM has been the topic of a number of other reports. Vertical Research upgraded RPM International from a hold rating to a buy rating and set a $126.00 target price on the stock in a research report on Tuesday, July 16th. 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. UBS Group decreased their target price on RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets upped their price objective on RPM International from $123.00 to $140.00 and gave the company an outperform rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. downgraded RPM International from an overweight rating to a neutral rating and set a $120.00 price objective on the stock. in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $122.33.

RPM International Stock Up 0.3 %

RPM International stock opened at $115.01 on Friday. The stock has a market cap of $14.81 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97. RPM International has a one year low of $88.84 and a one year high of $122.92. The stock has a fifty day moving average of $111.44 and a 200 day moving average of $111.67.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.56. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. RPM International’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. As a group, sell-side analysts predict that RPM International will post 5.5 EPS for the current year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.60%. RPM International’s dividend payout ratio is presently 42.40%.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated Monday, July 29th. The stock was 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 owns 24,339 shares in the company, valued at approximately $2,866,890.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

Several institutional investors have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new stake in RPM International in the fourth quarter valued at approximately $357,000. Mediolanum International Funds Ltd acquired a new stake in RPM International in the first quarter valued at approximately $1,882,000. United Services Automobile Association purchased a new stake in shares of RPM International during the 4th quarter worth $1,131,000. SG Americas Securities LLC grew its stake in shares of RPM International by 193.7% during the first quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock worth $3,838,000 after purchasing an additional 21,282 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of RPM International by 337.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after acquiring an additional 170,369 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

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.