RPM International (NYSE:RPM) Price Target Cut to $117.00

RPM International (NYSE:RPM) had its target price lowered by UBS Group from $122.00 to $117.00 in a research report sent to investors on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

A number of other research analysts have also issued reports on RPM. BMO Capital Markets decreased their target price on RPM International from $127.00 to $123.00 and set an outperform rating on the stock in a research report on Friday, April 5th. Mizuho increased their price objective on RPM International from $128.00 to $136.00 and gave the company a buy rating in a research note on Friday, April 5th. Finally, Robert W. Baird increased their price objective on RPM International from $105.00 to $120.00 and gave the company a neutral rating in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of Hold and a consensus price target of $115.00.

RPM International Trading Up 1.6 %

Shares of NYSE:RPM opened at $110.56 on Tuesday. RPM International has a 1 year low of $88.84 and a 1 year high of $120.74. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39. The business’s 50 day moving average price is $110.38 and its 200-day moving average price is $110.75.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently modified their holdings of the business. Boston Trust Walden Corp grew its holdings in shares of RPM International by 2.9% during the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock worth $54,553,000 after purchasing an additional 13,860 shares during the period. California State Teachers Retirement System boosted its holdings in 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 valued at $29,981,000 after acquiring an additional 12,791 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in 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 valued at $24,649,000 after acquiring an additional 170,369 shares during the period. Russell Investments Group Ltd. boosted its holdings in RPM International by 16.5% during the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock valued at $18,919,000 after acquiring an additional 22,388 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in RPM International by 5.9% during the 1st quarter. New York State Teachers Retirement System now owns 155,254 shares of the specialty chemicals company’s stock valued at $18,467,000 after acquiring an additional 8,691 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.