RPM International (NYSE:RPM) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note published on Saturday.

Several other analysts also recently commented on the stock. UBS Group reduced their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a report on Tuesday, July 9th. BMO Capital Markets lifted their target price on shares of RPM International from $123.00 to $140.00 and gave the stock an outperform rating in a report on Friday, July 26th. Mizuho reduced their target price on shares of RPM International from $136.00 to $134.00 and set an outperform rating for the company in a report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of RPM International from $105.00 to $120.00 and gave the company a neutral rating in a report on Friday, April 5th. Finally, Royal Bank of Canada boosted their price objective 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $122.33.

RPM International Stock Down 2.6 %

RPM International stock opened at $114.72 on Friday. The firm has a market capitalization of $14.77 billion, a PE ratio of 26.43, a P/E/G ratio of 1.78 and a beta of 1.00. The company’s 50-day moving average is $111.33 and its 200-day moving average is $111.62. RPM International has a fifty-two week low of $88.84 and a fifty-two week high of $122.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. RPM International’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. Sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Insider Transactions at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado boosted its stake in shares of RPM International by 337.8% in 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 purchasing an additional 170,369 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in RPM International by 352.0% during the fourth quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock worth $15,214,000 after buying an additional 105,925 shares during the last quarter. Bank of New York Mellon Corp increased its holdings 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 buying an additional 61,218 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of RPM International by 534.7% in the fourth quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock worth $6,914,000 after purchasing an additional 52,177 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of RPM International in the second quarter valued at approximately $3,676,000. 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.