RPM International (NYSE:RPM) Rating Increased to Overweight at Wells Fargo & Company

RPM International (NYSE:RPM) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a $140.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $134.00. Wells Fargo & Company‘s price objective suggests a potential upside of 14.42% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. UBS Group upped their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. 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 research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Up 0.5 %

RPM International stock opened at $122.36 on Wednesday. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.98 and a beta of 1.02. RPM International has a 1-year low of $103.63 and a 1-year high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $131.36 and a 200 day simple moving average of $123.12.

RPM International (NYSE:RPM) last posted its earnings results 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. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, analysts predict that RPM International will post 5.56 earnings per share for the current year.

Insider Buying and Selling at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction 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 owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now owns 11,596 shares in the company, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,927 shares of company stock worth $1,037,214. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of RPM International

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

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.