RPM International (NYSE:RPM) Rating Increased to Buy at StockNews.com

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

Other analysts have also issued reports about the stock. UBS Group boosted their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Morgan Stanley increased their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Hold” and an average price target of $131.00.

RPM International Trading Up 0.6 %

RPM opened at $121.52 on Monday. The business’s 50 day moving average price is $131.71 and its 200 day moving average price is $123.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The stock has a market capitalization of $15.64 billion, a PE ratio of 25.48, a P/E/G ratio of 1.98 and a beta of 1.02. RPM International has a one year low of $103.63 and a one year high of $141.79.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.68%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 594 shares of the 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 transaction, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,927 shares of company stock worth $1,037,214 over the last 90 days. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pensionfund Sabic acquired a new position in RPM International in the fourth quarter valued at $1,354,000. GAMMA Investing LLC increased its position in RPM International by 12.8% during the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after buying an additional 247 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in RPM International in the third quarter valued at approximately $1,295,000. Toronto Dominion Bank boosted its holdings in shares of RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after acquiring an additional 4,062 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares during the last quarter. 80.95% of the stock is currently 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.