RPM International Inc. (NYSE:RPM) Receives Average Rating of “Hold” from Brokerages

RPM International Inc. (NYSE:RPM) has received an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $122.22.

A number of equities analysts have weighed in on RPM shares. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a report on Tuesday, July 16th. BMO Capital Markets lowered their price target on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Tuesday, August 27th. UBS Group dropped their price target on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company upped their price objective on shares of RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th.

RPM International Price Performance

RPM opened at $119.99 on Friday. RPM International has a 52-week low of $88.84 and a 52-week high of $125.35. The company has a 50 day moving average of $117.74 and a two-hundred day moving average of $113.61. The company has a market cap of $15.45 billion, a P/E ratio of 27.65, a P/E/G ratio of 1.84 and a beta of 1.00. 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 (NYSE:RPM) last announced 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. 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts expect that RPM International will post 5.51 earnings per share for the current year.

Insider Activity at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 24,339 shares in the company, valued at $2,866,890.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other RPM International 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 value of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RPM International

A number of hedge funds have recently added to or reduced their stakes in RPM. California State Teachers Retirement System increased its holdings in shares of RPM International by 6.7% in the 4th quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock worth $26,708,000 after acquiring an additional 15,084 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of RPM International by 73.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 2,910 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in RPM International by 337.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after acquiring an additional 170,369 shares during the period. V Square Quantitative Management LLC acquired a new position in RPM International during the 4th quarter worth $25,000. Finally, HighPoint Advisor Group LLC acquired a new position in shares of RPM International during the fourth quarter valued at $630,000. 80.95% of the stock is currently owned by institutional investors.

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.