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

RPM International (NYSE:RPM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.

Other analysts have also issued research reports about the company. Morgan Stanley upped 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. Deutsche Bank Aktiengesellschaft boosted their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group cut their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $129.70.

RPM International Stock Up 1.4 %

RPM International stock opened at $133.04 on Friday. RPM International has a fifty-two week low of $88.84 and a fifty-two week high of $133.20. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The company’s 50 day simple moving average is $119.65 and its 200 day simple moving average is $114.28.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. As a group, sell-side analysts anticipate that RPM International will post 5.55 EPS for the current year.

Insider Activity

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock worth $7,202,419 in the last three months. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in RPM International by 4.3% in the second 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 acquiring an additional 61,218 shares in the last quarter. BNP Paribas Financial Markets increased its stake in RPM International by 61.6% during the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock valued at $11,903,000 after purchasing an additional 38,135 shares in the last quarter. Neo Ivy Capital Management bought a new position in RPM International in the 2nd quarter valued at approximately $3,676,000. Finally, Russell Investments Group Ltd. increased its holdings in RPM International by 16.5% in the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after buying an additional 22,388 shares in the last quarter. 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.