RPM International (NYSE:RPM) Downgraded by StockNews.com to Hold

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

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a buy rating in a report on Thursday, October 3rd. Vertical Research upgraded RPM International from a hold rating to a buy rating and set a $126.00 price target on the stock in a research report on Tuesday, July 16th. Mizuho reduced their target price 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. Wells Fargo & Company upped their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an equal weight rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a neutral rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $129.70.

RPM International Price Performance

RPM stock opened at $129.18 on Friday. The firm has a 50-day moving average of $118.69 and a two-hundred day moving average of $113.92. The firm has a market capitalization of $16.63 billion, a PE ratio of 29.76, a P/E/G ratio of 1.92 and a beta of 1.00. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. RPM International has a one year low of $88.84 and a one year high of $129.91.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate 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 was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. On average, analysts forecast that RPM International will post 5.49 earnings per share for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.58%. RPM International’s payout ratio is presently 47.00%.

Insider Transactions at RPM International

In other news, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in RPM. Pacer Advisors Inc. boosted its holdings in shares of RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after acquiring an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after purchasing an additional 61,218 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of RPM International by 2.7% during the second quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock worth $53,765,000 after purchasing an additional 13,010 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of RPM International by 5.3% in the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after buying an additional 12,791 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in RPM International by 16.5% in the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock valued at $18,919,000 after buying an additional 22,388 shares during 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.