RPM International (NYSE:RPM) Lifted to “Buy” at StockNews.com

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

A number of other brokerages also recently commented on RPM. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a research report on Friday, July 26th. Morgan Stanley raised their price target on RPM International from $107.00 to $125.00 and gave the stock an equal weight rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price objective 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. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $129.70.

RPM International Trading Up 0.3 %

RPM opened at $133.50 on Friday. The firm has a market cap of $17.18 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.97 and a beta of 1.00. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $120.03 and a 200 day moving average of $114.38. RPM International has a 12 month low of $88.84 and a 12 month high of $133.89.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts forecast that RPM International will post 5.55 EPS for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a $0.51 dividend. The ex-dividend date is Friday, October 18th. This is a boost 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 1.53%. RPM International’s dividend payout ratio is 38.57%.

Insiders Place Their Bets

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the completion of the sale, the vice president now owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,691 shares of company stock valued at $7,202,419 over the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RPM. Mediolanum International Funds Ltd acquired a new stake in shares of RPM International in the first quarter valued at about $1,882,000. SG Americas Securities LLC boosted its position in 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. Transcend Capital Advisors LLC grew its holdings in RPM International by 22.7% in the second quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 748 shares during the last quarter. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares in the last quarter. Finally, Christopher J. Hasenberg Inc purchased a new position in RPM International during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds 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.