RPM International (NYSE:RPM) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Other research analysts have also recently issued research reports about the company. Mizuho reduced their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Morgan Stanley increased their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Royal Bank of Canada lifted their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $129.70.

RPM International Trading Up 0.9 %

Shares of RPM stock opened at $127.54 on Friday. The business’s fifty day moving average price is $124.28 and its 200 day moving average price is $116.13. 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 firm has a market capitalization of $16.41 billion, a PE ratio of 26.74, a P/E/G ratio of 1.90 and a beta of 0.98. RPM International has a 1-year low of $95.44 and a 1-year high of $134.56.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS 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 analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. As a group, sell-side analysts forecast that RPM International will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 annualized dividend and a yield of 1.60%. RPM International’s payout ratio is currently 42.77%.

Insiders Place Their Bets

In other RPM International news, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at $2,727,311.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,572 shares of company stock valued at $7,988,133. 1.60% of the stock is currently owned by insiders.

Institutional Trading of RPM International

Large investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its position in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. GAMMA Investing LLC grew its stake in RPM International by 15.5% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 125 shares during the last quarter. Summit Financial LLC increased its stake in shares of RPM International by 5.9% during the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 141 shares during the period. SVB Wealth LLC increased its position in RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after buying an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC increased its position in RPM International by 8.1% during the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 197 shares during the period. Institutional investors own 80.95% of the company’s stock.

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.