Mizuho Cuts RPM International (NYSE:RPM) Price Target to $140.00

RPM International (NYSE:RPM) had its target price decreased by Mizuho from $150.00 to $140.00 in a report issued on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

A number of other research firms have also issued reports on RPM. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $134.00 to $140.00 in a research note on Wednesday. UBS Group raised their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised 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. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada lifted their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, RPM International presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Trading Down 1.6 %

NYSE RPM opened at $120.59 on Wednesday. RPM International has a one year low of $103.63 and a one year high of $141.79. The company’s 50 day moving average price is $131.36 and its 200 day moving average price is $123.12. 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 firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 earnings per share. On average, sell-side analysts predict that RPM International will post 5.56 EPS for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.69%. RPM International’s payout ratio is presently 40.32%.

Insiders Place Their Bets

In related news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were 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 of the company’s stock, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after purchasing an additional 145,070 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in RPM International by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after purchasing an additional 1,919 shares during the last quarter. National Pension Service lifted its holdings in shares of RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of RPM International by 2,975.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after buying an additional 194,215 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.