RPM International (NYSE:RPM) Given New $139.00 Price Target at BMO Capital Markets

RPM International (NYSE:RPM) had its target price trimmed by BMO Capital Markets from $140.00 to $139.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada boosted their price target on RPM International from $119.00 to $120.00 and gave the company a sector perform rating in a research report on Friday, July 26th. Mizuho dropped their target price on shares of RPM International from $136.00 to $134.00 and set an outperform rating for the company in a research report on Friday, July 26th. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 price target on the stock in a report on Tuesday, July 16th. JPMorgan Chase & Co. downgraded shares of RPM International from an overweight rating to a neutral rating and set a $120.00 price objective for the company. in a research note on Friday, July 26th. Finally, UBS Group cut their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, RPM International has a consensus rating of Hold and a consensus target price of $122.22.

RPM International Stock Down 1.9 %

RPM opened at $113.24 on Tuesday. RPM International has a 12 month low of $88.84 and a 12 month high of $122.92. The business has a 50-day moving average of $112.74 and a two-hundred day moving average of $112.53. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00.

RPM International (NYSE:RPM) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.56. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. RPM International’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, research analysts expect that RPM International will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Wednesday, July 17th. RPM International’s payout ratio is 42.40%.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in RPM International in the fourth quarter worth about $25,000. Rise Advisors LLC acquired a new position in shares of RPM International in the 1st quarter worth approximately $38,000. Cambridge Trust Co. increased its holdings in shares of RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc raised its position in shares of RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in RPM International during the second quarter worth $45,000. 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.