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

StockNews.com lowered shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other brokerages have also commented on RPM. Deutsche Bank Aktiengesellschaft upped their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada increased their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, RPM International currently has an average rating of “Hold” and a consensus price target of $129.70.

RPM International Price Performance

Shares of RPM stock traded down $0.68 during mid-day trading on Friday, reaching $126.43. The stock had a trading volume of 392,803 shares, compared to its average volume of 511,864. The company has a market cap of $16.27 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a 12-month low of $93.15 and a 12-month high of $134.56. The business has a 50-day simple moving average of $124.28 and a 200 day simple moving average of $116.01.

RPM International (NYSE:RPM) last announced its quarterly 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 for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. On average, sell-side analysts anticipate that RPM International will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insiders Place Their Bets

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. 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 available through this link. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 63,957 shares of company stock valued at $7,528,522 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Pension Service boosted its stake in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after purchasing an additional 10,317 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in RPM International by 2.7% in the third quarter. Janney Montgomery Scott LLC now owns 87,967 shares of the specialty chemicals company’s stock worth $10,644,000 after acquiring an additional 2,321 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of RPM International by 0.5% during the third quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company’s stock valued at $18,258,000 after acquiring an additional 754 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of RPM International by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock valued at $4,164,000 after acquiring an additional 12,470 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

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.