RPM International (NYSE:RPM) Raised to “Overweight” at Wells Fargo & Company

RPM International (NYSE:RPM) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Wednesday, Marketbeat reports. The firm currently has a $140.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $134.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 14.42% from the company’s current price.

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

RPM International Stock Up 0.5 %

Shares of RPM opened at $122.36 on Wednesday. The stock’s 50-day moving average price is $131.36 and its two-hundred day moving average price is $123.12. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79. The company has a market capitalization of $15.75 billion, a PE ratio of 25.65, a PEG ratio of 1.98 and a beta of 1.02. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the business posted $1.22 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that RPM International will post 5.56 EPS for the current year.

Insider Transactions at RPM International

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

Institutional Trading of RPM International

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the period. Pacer Advisors Inc. grew its position in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after buying an additional 1,930,072 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in RPM International by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after buying an additional 1,919 shares during the period. National Pension Service increased its holdings in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after acquiring an additional 194,215 shares during the period. 80.95% of the stock is currently owned by 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.