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

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research report sent to investors on Monday.

RPM has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price 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. JPMorgan Chase & Co. raised their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Trading Up 0.5 %

Shares of RPM opened at $122.36 on Monday. 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 1-year low of $103.63 and a 1-year high of $141.79. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The firm has a 50 day simple moving average of $131.45 and a 200-day simple moving average of $123.13.

RPM International (NYSE:RPM) last released its quarterly 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. 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 the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $1.22 earnings per share. RPM International’s revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Announces Dividend

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

Insider Transactions at RPM International

In other news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $80,469.18. Following the transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,927 shares of company stock worth $1,037,214 in the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in RPM International in the 3rd quarter worth approximately $1,295,000. Christopher J. Hasenberg Inc purchased a new position in shares of RPM International in the third quarter valued at $35,000. National Pension Service grew its holdings in RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after purchasing an additional 10,317 shares in the last quarter. One Capital Management LLC increased its stake in RPM International by 25.3% during the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after buying an additional 20,556 shares during the period. Finally, Hardin Capital Partners LLC acquired a new position in RPM International in the 2nd quarter worth $363,000. 80.95% of the stock is currently owned by hedge funds and other 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.