RPM International (NYSE:RPM) Upgraded at StockNews.com

by · The Cerbat Gem

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

Other analysts also recently issued reports about the company. Wells Fargo & Company boosted their target price on RPM International from $110.00 to $125.00 and gave the company an equal weight rating in a report on Friday, July 26th. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 price target for the company in a research report on Tuesday, July 16th. BMO Capital Markets lowered their price objective on shares of RPM International from $140.00 to $139.00 and set an outperform rating on the stock in a research report on Tuesday, August 27th. Royal Bank of Canada upped their target price on shares of RPM International from $119.00 to $120.00 and gave the company a sector perform rating in a report on Friday, July 26th. Finally, UBS Group decreased their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $122.22.

Read Our Latest Stock Analysis on RPM

RPM International Stock Performance

NYSE:RPM opened at $122.93 on Thursday. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. RPM International has a 52 week low of $88.84 and a 52 week high of $125.35. The company has a fifty day simple moving average of $117.48 and a two-hundred day simple moving average of $113.54.

RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting analysts’ consensus estimates of $1.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 EPS. As a group, equities analysts anticipate that RPM International will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. RPM International’s dividend payout ratio (DPR) is 42.40%.

Insider Buying and Selling

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other RPM International 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 value of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares during the last quarter. Bank of New York Mellon Corp raised its position in RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after acquiring an additional 61,218 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of RPM International by 2.7% in the second quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after purchasing an additional 13,010 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of RPM International by 5.3% during 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in shares of RPM International by 337.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after purchasing an additional 170,369 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

About RPM International

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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.

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