JPMorgan Chase & Co. Lowers RPM International (NYSE:RPM) to Neutral

JPMorgan Chase & Co. lowered shares of RPM International (NYSE:RPM) from an overweight rating to a neutral rating in a report released on Friday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $120.00 target price on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 target price for the company in a research report on Tuesday, July 16th. UBS Group cut their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company cut their target price on shares of RPM International from $120.00 to $110.00 and set an equal weight rating for the company in a research report on Thursday, July 11th. Mizuho lifted their price target on shares of RPM International from $128.00 to $136.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Robert W. Baird lifted their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a neutral rating in a report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has an average rating of Hold and an average target price of $120.80.

RPM International Stock Up 0.6 %

Shares of NYSE RPM opened at $118.29 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. RPM International has a 52 week low of $88.84 and a 52 week high of $121.63. The firm has a 50-day moving average price of $110.75 and a 200 day moving average price of $111.24. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.56. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 earnings per share. Equities research analysts anticipate that RPM International will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. RPM International’s payout ratio is 42.40%.

Institutional Investors Weigh In On RPM International

A number of institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in RPM International by 3.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock valued at $2,253,000 after purchasing an additional 792 shares during the period. Whittier Trust Co. grew its stake in RPM International by 5.1% during the second quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock worth $4,482,000 after buying an additional 2,016 shares during the period. Eagle Bay Advisors LLC grew its stake in RPM International by 1,542.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock worth $120,000 after buying an additional 1,049 shares during the period. Bank of New York Mellon Corp grew its stake in RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the period. Finally, LRI Investments LLC grew its stake in RPM International by 397.9% during the second quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 1,743 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.