StockNews.com Upgrades RPM International (NYSE:RPM) to “Buy”

RPM International (NYSE:RPM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. UBS Group boosted their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Wells Fargo & Company lifted their target price on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Hold” and an average target price of $131.00.

RPM International Stock Performance

NYSE RPM opened at $121.71 on Monday. The firm’s fifty day moving average price is $131.57 and its two-hundred day moving average price is $123.13. The stock has a market cap of $15.66 billion, a PE ratio of 25.52, a PEG ratio of 1.98 and a beta of 1.02. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International has a fifty-two week low of $103.63 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company posted $1.22 EPS. RPM International’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

Insider Transactions at RPM International

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was 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 directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,927 shares of company stock valued at $1,037,214 over the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Trading of RPM International

Several institutional investors have recently made changes to their positions in RPM. Pensionfund Sabic bought a new stake in RPM International in the 4th quarter worth about $1,354,000. GAMMA Investing LLC grew its holdings in shares of RPM International by 12.8% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock valued at $269,000 after acquiring an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in RPM International during the third quarter worth $1,295,000. Toronto Dominion Bank boosted its position in RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after purchasing an additional 4,062 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the period. 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.