RPM International (NYSE:RPM) Price Target Raised to $130.00 at UBS Group

RPM International (NYSE:RPM) had its price target raised by investment analysts at UBS Group from $123.00 to $130.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target points to a potential upside of 2.77% from the stock’s current price.

A number of other research firms have also weighed in on RPM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley raised their price objective on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $131.00.

RPM International Price Performance

Shares of NYSE RPM opened at $126.49 on Thursday. 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 company’s 50-day moving average price is $133.77 and its 200 day moving average price is $121.80. RPM International has a 52 week low of $100.82 and a 52 week high of $141.79. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts forecast that RPM International will post 5.56 earnings per share for the current fiscal year.

Insider Transactions at RPM International

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,083 shares of company stock valued at $1,443,549. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Large investors have recently made changes to their positions in the business. LRI Investments LLC boosted its stake in shares of RPM International by 397.9% during the 2nd quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 1,743 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of RPM International by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in RPM International by 1,542.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock worth $120,000 after acquiring an additional 1,049 shares during the period. Whittier Trust Co. boosted its holdings in RPM International by 5.1% during the second quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock valued at $4,482,000 after acquiring an additional 2,016 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of RPM International by 3.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock valued at $2,253,000 after purchasing an additional 792 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

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.