RPM International (NYSE:RPM) Price Target Lowered to $124.00 at JPMorgan Chase & Co.

RPM International (NYSE:RPM) had its price target reduced by JPMorgan Chase & Co. from $126.00 to $124.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Mizuho decreased their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group raised their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $134.00 to $140.00 in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Performance

Shares of RPM International stock opened at $122.36 on Wednesday. The firm has a fifty day moving average of $131.45 and a two-hundred day moving average of $123.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.98 and a beta of 1.02. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79.

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

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 17th. RPM International’s payout ratio is 42.77%.

Insider Buying and Selling at RPM International

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $80,469.18. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,927 shares of company stock valued at $1,037,214 in the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after acquiring an additional 194,215 shares during the last quarter. Geode Capital Management LLC grew its position in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after acquiring an additional 145,070 shares during the last quarter. Forsta AP Fonden raised its stake in RPM International by 166.7% during the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after acquiring an additional 43,000 shares in the last quarter. Finally, One Capital Management LLC lifted its holdings in shares of RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares during the last quarter. 80.95% of the stock is 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.