JPMorgan Chase & Co. Lowers RPM International (NYSE:RPM) Price Target to $124.00

RPM International (NYSE:RPM) had its price target lowered by analysts at JPMorgan Chase & Co. from $126.00 to $124.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.34% from the stock’s previous close.

A number of other brokerages have also recently commented on RPM. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group boosted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $134.00 to $140.00 in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Performance

Shares of RPM opened at $122.36 on Wednesday. The business has a 50-day simple moving average of $131.36 and a two-hundred day simple moving average of $123.12. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.98 and a beta of 1.02.

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

Insider Activity at RPM International

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Tracy D. Crandall sold 3,718 shares of RPM International 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 completion of the sale, the vice president now directly owns 22,738 shares in the company, 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 have sold a total of 7,927 shares of company stock worth $1,037,214 over the last quarter. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of RPM International in the third quarter worth approximately $1,295,000. Christopher J. Hasenberg Inc purchased a new stake in shares of RPM International during the 3rd quarter valued at approximately $35,000. National Pension Service grew its holdings in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares during the period. One Capital Management LLC increased its position in shares of RPM International by 25.3% during the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after purchasing an additional 20,556 shares during the last quarter. Finally, Hardin Capital Partners LLC purchased a new stake in RPM International in the 2nd quarter valued at about $363,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.