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

RPM International (NYSE:RPM) had its price objective lifted by UBS Group from $123.00 to $130.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other research analysts have also weighed in on the company. Royal Bank of Canada increased their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Morgan Stanley increased their target price on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Finally, StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.00.

RPM International Stock Down 0.1 %

RPM opened at $125.29 on Thursday. RPM International has a 12 month low of $100.82 and a 12 month high of $141.79. The business has a 50-day moving average of $133.50 and a two-hundred day moving average of $121.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion during 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%. RPM International’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, research analysts expect that RPM International will post 5.56 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.51 dividend. The ex-dividend date was Friday, October 18th. This is an increase from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.63%. RPM International’s dividend payout ratio is 42.77%.

Insider Buying and Selling

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the company’s stock in a transaction dated 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 owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction dated 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 transaction, the vice president now owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $1,443,549 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

A number of institutional investors and hedge funds have recently modified their holdings of RPM. LRI Investments LLC lifted its holdings in shares of RPM International by 397.9% in the 2nd quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 1,743 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 worth $158,912,000 after acquiring an additional 61,218 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of 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. lifted its position in RPM International by 5.1% in the 2nd quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock valued at $4,482,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in RPM International by 3.9% during the 2nd 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 period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.