RPM International (NYSE:RPM) Reaches New 1-Year High at $125.70

RPM International Inc. (NYSE:RPM)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $125.70 and last traded at $124.94, with a volume of 253866 shares traded. The stock had previously closed at $120.09.

Wall Street Analyst Weigh In

RPM has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. BMO Capital Markets cut their target price on RPM International from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Tuesday, August 27th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price objective on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $122.22.

RPM International Trading Up 7.3 %

The firm has a 50-day moving average of $117.74 and a 200 day moving average of $113.61. The company has a market cap of $16.59 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. 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 (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. On average, analysts predict that RPM International Inc. will post 5.51 earnings per share for the current fiscal year.

Insider Buying and Selling at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the sale, the chief executive officer now 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. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its stake in shares of RPM International by 6.7% in the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock worth $26,708,000 after purchasing an additional 15,084 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in RPM International by 73.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock valued at $767,000 after acquiring an additional 2,910 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in 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 acquiring an additional 170,369 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in RPM International during the 4th quarter worth $25,000. Finally, HighPoint Advisor Group LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $630,000. 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.