RPM International (NYSE:RPM) Lowered to “Hold” Rating by StockNews.com

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

RPM has been the topic of a number of other research reports. Royal Bank of Canada lifted their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 price objective (up 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 stock a “neutral” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price target on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company upped their price target on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $131.00.

RPM International Stock Down 0.9 %

RPM opened at $125.40 on Wednesday. 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 company has a market cap of $16.14 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.98 and a beta of 1.00. RPM International has a one year low of $100.82 and a one year high of $141.79. The business’s fifty day moving average is $133.65 and its two-hundred day moving average is $121.83.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts anticipate that RPM International will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Matthew T. Ratajczak sold 3,156 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. The trade was a 12.97 % 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 company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,083 shares of company stock worth $1,443,549. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

Several hedge funds and other institutional investors have recently modified their holdings of RPM. Wilmington Savings Fund Society FSB acquired a new position in shares of RPM International during the third quarter valued at about $1,295,000. Toronto Dominion Bank increased its stake in RPM International by 33.0% during the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after acquiring an additional 4,062 shares during the period. Geode Capital Management LLC raised its holdings 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 acquiring an additional 145,070 shares in the last quarter. LRI Investments LLC raised its holdings in RPM International by 12.4% in the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock valued at $297,000 after acquiring an additional 271 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of RPM International by 5.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 51,260 shares of the specialty chemicals company’s stock worth $6,202,000 after acquiring an additional 2,794 shares during the period. Institutional investors and hedge funds 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.