RPM International (NYSE:RPM) Cut to “Hold” at StockNews.com

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

Other equities analysts have also issued reports about the company. 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 report on Thursday, October 3rd. Morgan Stanley raised their target price on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $131.00.

RPM International Trading Down 0.1 %

Shares of NYSE RPM opened at $125.29 on Wednesday. The stock has a market capitalization of $16.13 billion, a P/E ratio of 26.27, a PEG ratio of 1.98 and a beta of 1.00. The stock’s 50 day moving average price is $133.65 and its two-hundred day moving average price is $121.83. 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 has a 52-week low of $100.82 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, analysts anticipate that RPM International will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.63%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the 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 completion of the sale, the vice president now owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $1,443,549 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

A number of large investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its position in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the period. Christopher J. Hasenberg Inc purchased a new position in RPM International during the 3rd quarter valued at about $35,000. Eastern Bank acquired a new position in shares of RPM International in the 3rd quarter valued at about $41,000. UMB Bank n.a. lifted its position in shares of RPM International by 369.7% in 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International during the second quarter worth approximately $45,000. Institutional investors and hedge funds 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.