RPM International (NYSE:RPM) Reaches New 1-Year High at $125.70

RPM International Inc. (NYSE:RPM)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $125.70 and last traded at $124.94, with a volume of 253866 shares trading hands. The stock had previously closed at $120.09.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RPM. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Vertical Research upgraded 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 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. Royal Bank of Canada raised their target price 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. Finally, Wells Fargo & Company boosted their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.22.

RPM International Price Performance

The firm has a 50 day moving average price of $117.74 and a two-hundred day moving average price of $113.61. The company has a market cap of $16.59 billion, a P/E ratio of 29.62, a P/E/G ratio of 1.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $1.36 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that RPM International Inc. will post 5.51 EPS for the current fiscal year.

Insider Activity at RPM International

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPM. California State Teachers Retirement System grew its position in RPM International by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock worth $26,708,000 after buying an additional 15,084 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of RPM International by 73.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock valued at $767,000 after acquiring an additional 2,910 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of RPM International by 337.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after purchasing an additional 170,369 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of RPM International in the fourth quarter worth approximately $25,000. Finally, HighPoint Advisor Group LLC bought a new stake in RPM International during the fourth quarter valued at approximately $630,000. Institutional investors own 80.95% of the company’s stock.

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.