RPM International (NYSE:RPM) Price Target Lowered to $139.00 at BMO Capital Markets

RPM International (NYSE:RPM) had its price objective trimmed by BMO Capital Markets from $140.00 to $139.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

RPM has been the subject of several other research reports. Vertical Research raised shares of RPM International from a hold rating to a buy rating and set a $126.00 price objective for the company in a research note on Tuesday, July 16th. StockNews.com downgraded RPM International from a buy rating to a hold rating in a research note on Sunday, August 11th. JPMorgan Chase & Co. lowered RPM International from an overweight rating to a neutral rating and set a $120.00 price objective on the stock. in a report on Friday, July 26th. Wells Fargo & Company boosted their target price on RPM International from $110.00 to $125.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Finally, UBS Group lowered their price target on RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $122.22.

RPM International Price Performance

RPM opened at $113.24 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. RPM International has a 1 year low of $88.84 and a 1 year high of $122.92. The stock has a fifty day moving average price of $112.74 and a 200 day moving average price of $112.53. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.75 and a beta of 1.00.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.56. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.36 EPS. Analysts forecast that RPM International will post 5.51 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.62%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Insider Transactions at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently bought and sold shares of the business. Jackson Creek Investment Advisors LLC acquired a new stake in shares of RPM International during the 4th quarter valued at about $357,000. Mediolanum International Funds Ltd acquired a new stake in RPM International during the first quarter valued at approximately $1,882,000. United Services Automobile Association bought a new stake in shares of RPM International in the 4th quarter valued at approximately $1,131,000. SG Americas Securities LLC raised its holdings in shares of RPM International by 193.7% in the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock worth $3,838,000 after buying an additional 21,282 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of 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 worth $24,649,000 after buying an additional 170,369 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.