Mizuho Lowers RPM International (NYSE:RPM) Price Target to $140.00

RPM International (NYSE:RPM) had its target price trimmed by Mizuho from $150.00 to $140.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets restated an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Finally, Morgan Stanley boosted 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. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.00.

RPM International Price Performance

Shares of RPM stock opened at $120.59 on Wednesday. The stock’s fifty day moving average is $131.36 and its 200-day moving average is $123.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The stock has a market capitalization of $15.52 billion, a PE ratio of 25.28, a PEG ratio of 1.98 and a beta of 1.02. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.79 billion. During the same quarter last year, the business earned $1.22 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.51 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.69%. RPM International’s payout ratio is 40.32%.

Insiders Place Their Bets

In other news, Director Frederick R. Nance sold 594 shares of the stock in a transaction dated 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 owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of RPM International in the second quarter valued at approximately $45,000. Forsta AP Fonden increased its stake in shares of RPM International by 13.2% during the 2nd quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock worth $2,778,000 after purchasing an additional 3,000 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in RPM International by 4.1% in the second quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock valued at $9,242,000 after purchasing an additional 3,363 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new position in RPM International during the second quarter valued at $950,000. Finally, Hardin Capital Partners LLC bought a new position in RPM International during the second quarter valued at $363,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.