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

RPM International (NYSE:RPM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities research analysts also recently weighed in on RPM. Deutsche Bank Aktiengesellschaft increased their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Wells Fargo & Company raised their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Finally, UBS Group upped their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.00.

RPM International Stock Performance

Shares of RPM stock traded up $0.71 during mid-day trading on Monday, hitting $121.52. 1,381,712 shares of the stock were exchanged, compared to its average volume of 1,093,991. The stock’s fifty day simple moving average is $131.71 and its two-hundred day simple moving average is $123.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International has a 12-month low of $103.63 and a 12-month high of $141.79. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.98 and a beta of 1.02.

Insiders Place Their Bets

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,927 shares of company stock worth $1,037,214. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of RPM International in the third quarter valued at approximately $1,295,000. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter valued at $35,000. National Pension Service increased its position in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares in the last quarter. One Capital Management LLC raised its holdings in shares of RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares during the last quarter. Finally, Hardin Capital Partners LLC acquired a new stake in shares of RPM International during the second quarter valued at $363,000. 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.