RPM International (NYSE:RPM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

RPM has been the topic of several other research reports. JPMorgan Chase & Co. increased their target price on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Mizuho decreased their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $129.70.

RPM International Trading Up 1.1 %

Shares of RPM International stock opened at $137.87 on Wednesday. RPM International has a 12-month low of $100.56 and a 12-month high of $138.26. The stock has a market capitalization of $17.74 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The company has a 50-day simple moving average of $129.79 and a 200 day simple moving average of $118.85. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Research analysts expect that RPM International will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a dividend of $0.51 per share. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.48%. RPM International’s payout ratio is presently 42.77%.

Insider Activity

In other news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value 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 $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing 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 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 directly owns 22,738 shares in the company, valued at $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock valued at $1,443,549 in the last 90 days. 1.60% of the stock is owned by company insiders.

Institutional Trading of RPM International

A number of large investors have recently made changes to their positions in the company. Transcend Capital Advisors LLC increased its stake 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 worth $435,000 after purchasing an additional 748 shares in the last quarter. Cambridge Trust Co. boosted its position 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 acquiring an additional 246 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International in the third quarter valued at approximately $35,000. National Pension Service lifted its position in shares of RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares in the last quarter. Finally, One Capital Management LLC boosted its holdings in RPM International by 25.3% during the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after purchasing an additional 20,556 shares during the last quarter. 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.