JPMorgan Chase & Co. Cuts RPM International (NYSE:RPM) Price Target to $124.00

RPM International (NYSE:RPM) had its target price reduced by JPMorgan Chase & Co. from $126.00 to $124.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

A number of other equities analysts have also weighed in on RPM. Royal Bank of Canada upped their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $134.00 to $140.00 in a report on Wednesday. Mizuho dropped their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Price Performance

NYSE RPM opened at $120.59 on Wednesday. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.98 and a beta of 1.02. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79. The company’s 50 day moving average is $131.36 and its two-hundred day moving average is $123.12. 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 posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. As a group, research analysts anticipate that RPM International will post 5.56 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.69%. RPM International’s dividend payout ratio is presently 40.32%.

Insiders Place Their Bets

In other RPM International news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now 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 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in RPM International during the 3rd quarter valued at approximately $1,295,000. Christopher J. Hasenberg Inc purchased a new position in shares of RPM International in the third quarter worth about $35,000. National Pension Service boosted its position in RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after buying an additional 10,317 shares during the last quarter. One Capital Management LLC increased its holdings in RPM International by 25.3% in the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after buying an additional 20,556 shares during the period. Finally, Hardin Capital Partners LLC purchased a new stake in shares of RPM International in the 2nd quarter valued at $363,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.