RPM International (NYSE:RPM) Price Target Increased to $125.00 by Analysts at Morgan Stanley

by · The Cerbat Gem

RPM International (NYSE:RPM – Free Report) had its price target hoisted by Morgan Stanley from $107.00 to $125.00 in a research report report published on Friday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 price objective for the company in a research note on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on RPM International from $132.00 to $140.00 and gave the stock a buy rating in a research note on Thursday, October 3rd. UBS Group decreased their price target 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. StockNews.com cut RPM International from a buy rating to a hold rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of RPM International from $120.00 to $126.00 and gave the company a neutral rating in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, RPM International presently has a consensus rating of Hold and an average target price of $129.70.

View Our Latest Research Report on RPM

RPM International Trading Up 0.2 %

Shares of RPM stock opened at $129.18 on Friday. The company has a market cap of $16.63 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. RPM International has a 12 month low of $88.84 and a 12 month high of $129.91. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $118.69 and its two-hundred day moving average is $113.92.

RPM International (NYSE:RPM – Get Free Report) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. RPM International’s revenue was down 2.1% compared to the same quarter last year. Equities analysts predict that RPM International will post 5.49 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a dividend of $0.51 per share. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 18th. RPM International’s dividend payout ratio is currently 47.00%.

Insider Transactions at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several large investors have recently modified their holdings of the stock. Mediolanum International Funds Ltd bought a new stake in RPM International in the 1st quarter valued at $1,882,000. SG Americas Securities LLC boosted its position in RPM International by 193.7% in the first quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock valued at $3,838,000 after buying an additional 21,282 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of RPM International by 22.7% in the 2nd quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $435,000 after acquiring an additional 748 shares during the last quarter. Cambridge Trust Co. boosted its stake in shares of RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in RPM International by 61.6% during the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock worth $11,903,000 after buying an additional 38,135 shares during the period. 80.95% of the stock is owned by institutional investors.

RPM International Company Profile

(Get Free Report)

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.

Featured Stories