RPM International (NYSE:RPM) PT Raised to $120.00 at Royal Bank of Canada

RPM International (NYSE:RPM) had its price target lifted by Royal Bank of Canada from $119.00 to $120.00 in a report published on Friday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded shares of RPM International from an overweight rating to a neutral rating and set a $120.00 price target for the company. in a research note on Friday. BMO Capital Markets decreased their price objective on shares of RPM International from $127.00 to $123.00 and set an outperform rating for the company in a research report on Friday, April 5th. Mizuho increased their target price on RPM International from $128.00 to $136.00 and gave the company a buy rating in a report on Friday, April 5th. Vertical Research upgraded RPM International from a hold rating to a buy rating and set a $126.00 price target on the stock in a research note on Tuesday, July 16th. Finally, UBS Group lowered their price objective on RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $120.80.

RPM International Stock Up 0.6 %

Shares of NYSE RPM opened at $118.29 on Friday. The stock has a market cap of $15.24 billion, a P/E ratio of 27.26, a PEG ratio of 1.72 and a beta of 1.00. The business’s fifty day simple moving average is $110.75 and its 200-day simple moving average is $111.24. RPM International has a 12-month low of $88.84 and a 12-month high of $121.63. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79.

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

RPM International Dividend Announcement

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

Institutional Trading of RPM International

A number of large investors have recently made changes to their positions in RPM. GAMMA Investing LLC lifted its stake in RPM International by 14.3% in the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock valued at $96,000 after buying an additional 101 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of RPM International by 11.2% in the 4th quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock valued at $119,000 after acquiring an additional 107 shares during the period. Los Angeles Capital Management LLC raised its position in RPM International by 3.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after purchasing an additional 110 shares during the last quarter. SVB Wealth LLC boosted its stake in RPM International by 3.0% during the 1st quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares during the period. Finally, Motley Fool Asset Management LLC grew its position in RPM International by 8.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 197 shares during the last quarter. 80.95% of the stock is 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.