RPM International (NYSE:RPM) Price Target Lowered to $140.00 at Mizuho

RPM International (NYSE:RPM) had its price objective reduced by Mizuho from $150.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective indicates a potential upside of 14.42% from the company’s previous close.

Several other research firms also recently weighed in on RPM. Morgan Stanley lifted their target price on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. UBS Group lifted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Price Performance

RPM International stock opened at $122.36 on Wednesday. The stock has a market cap of $15.75 billion, a P/E 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 has a 12-month low of $103.63 and a 12-month high of $141.79. The company has a 50-day moving average price of $131.36 and a 200 day moving average price of $123.12.

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

Insiders Place Their Bets

In other news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,927 shares of company stock worth $1,037,214 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently added to or reduced their stakes in RPM. Creative Financial Designs Inc. ADV lifted its position in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the third quarter valued at $35,000. Eastern Bank acquired a new position in RPM International in the third quarter valued at $41,000. UMB Bank n.a. grew its holdings in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the second quarter worth about $45,000. 80.95% of the stock is currently owned by hedge funds and other 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.