Mizuho Cuts RPM International (NYSE:RPM) Price Target to $134.00

RPM International (NYSE:RPM) had its price objective cut by Mizuho from $136.00 to $134.00 in a report published on Friday morning, Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Several other analysts have also recently issued reports on RPM. Wells Fargo & Company upped their price objective on RPM International from $110.00 to $125.00 and gave the company an equal weight rating in a research note on Friday. JPMorgan Chase & Co. lowered RPM International from an overweight rating to a neutral rating and set a $120.00 target price for the company. in a report on Friday. Royal Bank of Canada upped their target price on RPM International from $119.00 to $120.00 and gave the company a sector perform rating in a report on Friday. UBS Group lowered their target price on RPM International from $122.00 to $117.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Finally, Robert W. Baird upped their target price on RPM International from $105.00 to $120.00 and gave the company a neutral rating in a report on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $120.80.

RPM International Trading Up 0.6 %

NYSE:RPM opened at $118.29 on Friday. The business’s 50-day simple moving average is $110.75 and its 200 day simple moving average is $111.24. RPM International has a one year low of $88.84 and a one year high of $121.63. The stock has a market cap 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. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. RPM International’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts predict that RPM International will post 5.46 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently disclosed 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. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is 42.40%.

Institutional Investors Weigh In On RPM International

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

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.