Mizuho Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its target price cut by Mizuho from $150.00 to $140.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other research firms have also recently commented on RPM. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group boosted their price objective on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Morgan Stanley lifted their price target on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Royal Bank of Canada increased their price objective on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Price Performance

Shares of RPM stock opened at $122.36 on Wednesday. The stock’s 50-day moving average is $131.45 and its 200 day moving average is $123.13. RPM International has a 1-year low of $103.63 and a 1-year high of $141.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The company has a market cap of $15.75 billion, a P/E ratio of 25.65, a PEG ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. During the same quarter in the previous year, the firm earned $1.22 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that RPM International will post 5.56 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,927 shares of company stock worth $1,037,214 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently bought and sold shares of RPM. Creative Financial Designs Inc. ADV increased its holdings in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter worth approximately $35,000. Eastern Bank purchased a new position in RPM International in the 3rd quarter valued at approximately $41,000. UMB Bank n.a. grew its stake in shares of RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of RPM International during the second quarter worth $45,000. 80.95% of the stock is currently 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.