RPM International (NYSE:RPM) Stock Rating Lowered by StockNews.com

RPM International (NYSE:RPM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts also recently issued reports on the company. Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. UBS Group increased their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Up 2.2 %

Shares of NYSE RPM traded up $2.69 during mid-day trading on Tuesday, reaching $123.16. 477,843 shares of the company traded hands, compared to its average volume of 692,151. The company’s fifty day moving average is $123.99 and its two-hundred day moving average is $126.11. RPM International has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market cap of $15.83 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect that RPM International will post 5.5 earnings per share for the current year.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. EverSource Wealth Advisors LLC raised its stake in RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Huntington National Bank raised its stake in RPM International by 1.0% during the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 108 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of RPM International by 4.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company’s stock valued at $423,000 after acquiring an additional 132 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 155 shares in the last quarter. 80.95% of the stock is 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.