RPM International (NYSE:RPM) Rating Lowered to Hold at StockNews.com

RPM International (NYSE:RPM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada raised their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Mizuho dropped their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, UBS Group cut their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, RPM International currently has an average rating of “Hold” and a consensus price target of $129.70.

RPM International Trading Down 0.5 %

RPM stock opened at $126.43 on Friday. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.90 and a beta of 0.98. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $124.28 and a 200-day simple moving average of $116.01. RPM International has a 52 week low of $93.15 and a 52 week high of $134.56.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that RPM International will post 5.55 EPS for the current year.

Insider Buying and Selling

In related news, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the transaction, the vice president now directly owns 21,183 shares in the company, valued at $2,727,311.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,957 shares of company stock valued at $7,528,522. 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 the company. Pacer Advisors Inc. grew 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 valued at $209,920,000 after buying an additional 1,930,072 shares during the last quarter. Bank of New York Mellon Corp increased 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 valued at $158,912,000 after buying an additional 61,218 shares in the last quarter. Boston Trust Walden Corp increased its position in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after acquiring an additional 13,010 shares in the last quarter. California State Teachers Retirement System raised its position in RPM International by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares during the last quarter. Finally, National Pension Service raised its position 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 acquiring an additional 10,317 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.