JPMorgan Chase & Co. Lowers RPM International (NYSE:RPM) Price Target to $124.00

RPM International (NYSE:RPM) had its price target reduced by JPMorgan Chase & Co. from $126.00 to $124.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

RPM has been the subject of several other research reports. 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. UBS Group upped their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Mizuho decreased their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Performance

NYSE RPM opened at $120.59 on Wednesday. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.98 and a beta of 1.02. The stock has a 50-day moving average of $131.36 and a 200 day moving average of $123.12. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a twelve month low of $103.63 and a twelve month high of $141.79.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Announces Dividend

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 dividend payout ratio (DPR) is 40.32%.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael J. Laroche sold 3,615 shares of the business’s 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 directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,927 shares of company stock valued at $1,037,214. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the period. Pacer Advisors Inc. grew its stake in shares of RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of RPM International by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after purchasing an additional 1,919 shares during the last quarter. National Pension Service lifted its holdings in shares of RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after buying an additional 194,215 shares during the period. Hedge funds and other 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.