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

RPM International (NYSE:RPMGet Free Report) had its price objective reduced by JPMorgan Chase & Co. from $126.00 to $124.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.53% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $134.00 to $140.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.00.

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RPM International Trading Up 0.3 %

Shares of RPM stock traded up $0.39 during trading on Wednesday, hitting $122.13. 464,409 shares of the stock traded hands, compared to its average volume of 1,052,082. RPM International has a 52-week low of $103.63 and a 52-week high of $141.79. The firm has a market capitalization of $15.72 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The firm’s fifty day moving average price is $131.57 and its 200-day moving average price is $123.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48.

RPM International (NYSE:RPMGet Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate 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 return on equity of 26.82% and a net margin of 8.43%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 EPS. As a group, research analysts forecast that RPM International will post 5.56 earnings per share for the current fiscal year.

Insider Transactions at RPM International

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,927 shares of company stock valued at $1,037,214. Insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently made changes to their positions in RPM. Ashton Thomas Private Wealth LLC acquired a new stake in RPM International during the 2nd quarter worth $45,000. Forsta AP Fonden grew its holdings 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 worth $2,778,000 after buying an additional 3,000 shares during the last quarter. Achmea Investment Management B.V. grew 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 worth $9,242,000 after buying an additional 3,363 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in RPM International in the 2nd quarter valued at about $950,000. Finally, Hardin Capital Partners LLC purchased a new stake in RPM International during the 2nd quarter valued at approximately $363,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

About RPM International

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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.

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