RPM International (NYSE:RPM) Price Target Raised to $130.00

RPM International (NYSE:RPM) had its price target raised by UBS Group from $123.00 to $130.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. 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 research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $131.00.

RPM International Stock Performance

Shares of RPM opened at $125.29 on Thursday. The firm has a market capitalization of $16.13 billion, a PE ratio of 26.27, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $133.50 and a 200 day moving average price of $121.93. RPM International has a 52-week low of $100.82 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, sell-side 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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. RPM International’s payout ratio is currently 42.77%.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred 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 directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Institutional investors and hedge funds have recently modified their holdings of the stock. LRI Investments LLC raised its holdings in shares of RPM International by 397.9% during the second quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock worth $235,000 after acquiring an additional 1,743 shares in the last quarter. Bank of New York Mellon Corp increased its position in RPM International by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after purchasing an additional 61,218 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in shares of RPM International by 1,542.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock worth $120,000 after purchasing an additional 1,049 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of RPM International by 5.1% during the 2nd quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock valued at $4,482,000 after buying an additional 2,016 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of RPM International by 3.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock valued at $2,253,000 after buying an additional 792 shares in the last quarter. 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.