RPM International (NYSE:RPM) Downgraded by StockNews.com to Hold

StockNews.com cut shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other analysts have also recently weighed in on RPM. Royal Bank of Canada upped their price target 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. UBS Group lowered their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Mizuho reduced their price target on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $129.70.

RPM International Stock Performance

Shares of NYSE:RPM opened at $126.43 on Friday. The business has a 50-day moving average of $124.28 and a two-hundred day moving average of $116.07. The firm has a market capitalization of $16.27 billion, a PE ratio of 26.51, a P/E/G ratio of 1.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International has a 12 month low of $93.15 and a 12 month high of $134.56.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $1.64 earnings per share. RPM International’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts forecast that RPM International will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a dividend of $0.51 per share. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is currently 42.77%.

Insider Transactions at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at $2,727,311.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction 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 completion of the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,957 shares of company stock valued at $7,528,522. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mediolanum International Funds Ltd acquired a new stake in RPM International during the first quarter worth about $1,882,000. SG Americas Securities LLC lifted 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 purchasing an additional 21,282 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in RPM International by 22.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 748 shares during the period. Cambridge Trust Co. grew its stake in RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 246 shares during the last quarter. Finally, Christopher J. Hasenberg Inc acquired a new stake in RPM International in the third quarter worth $35,000. 80.95% of the stock is currently owned by institutional investors.

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.