RPM International (NYSE:RPM) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note published on Saturday.

Several other analysts have also recently issued reports on the stock. Vertical Research raised shares of RPM International from a hold rating to a buy rating and set a $126.00 price target on the stock in a report on Tuesday, July 16th. Wells Fargo & Company increased their price objective on shares of RPM International from $110.00 to $125.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of RPM International from $119.00 to $120.00 and gave the stock a sector perform rating in a report on Friday, July 26th. UBS Group dropped their price objective on shares of RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a report on Tuesday, July 9th. Finally, Mizuho dropped their price objective on shares of RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $122.33.

RPM International Stock Down 0.9 %

Shares of RPM stock traded down $1.04 on Friday, hitting $117.77. The stock had a trading volume of 957,148 shares, compared to its average volume of 716,976. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.78 and a beta of 1.00. The stock’s 50 day moving average is $111.30 and its 200-day moving average is $111.56. 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 has a 52-week low of $88.84 and a 52-week high of $122.92.

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 the consensus estimate of $1.56. The firm had revenue of $2.01 billion for 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. As a group, research analysts expect that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

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

Insider Activity

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several large investors have recently made changes to their positions in RPM. New York State Teachers Retirement System boosted its position in shares of RPM International by 1.7% during the 4th quarter. New York State Teachers Retirement System now owns 146,563 shares of the specialty chemicals company’s stock valued at $16,361,000 after purchasing an additional 2,504 shares in the last quarter. Strs Ohio purchased a new stake in RPM International during the fourth quarter valued at about $1,684,000. Naples Money Management LLC purchased a new stake in RPM International during the fourth quarter valued at about $167,000. GAMMA Investing LLC purchased a new stake in RPM International during the fourth quarter valued at about $75,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in RPM International during the fourth quarter valued at about $742,000. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

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.