RPM International (NYSE:RPM) Cut to Hold at StockNews.com

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

RPM has been the topic of a number of other research reports. BMO Capital Markets reissued an outperform rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday. Wells Fargo & Company increased their price objective on shares of RPM International from $125.00 to $134.00 and gave the stock an equal weight rating in a research note on Thursday. UBS Group cut their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Mizuho decreased their price target on shares of RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a sector perform rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, RPM International currently has a consensus rating of Hold and a consensus price target of $129.70.

RPM International Stock Performance

Shares of NYSE RPM opened at $128.91 on Friday. The firm’s 50-day moving average price is $118.48 and its 200-day moving average price is $113.87. RPM International has a 52-week low of $88.84 and a 52-week high of $129.91. The company has a market cap of $16.60 billion, a PE ratio of 29.70, a PEG ratio of 1.92 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. As a group, analysts anticipate that RPM International will post 5.49 EPS for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International’s payout ratio is presently 42.40%.

Insider Buying and Selling

In related news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 approximately $120,590,982.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 approximately $2,866,890.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in RPM International in the fourth quarter worth $25,000. Rise Advisors LLC bought a new stake in shares of RPM International in the 1st quarter worth about $38,000. Cambridge Trust Co. increased its holdings in shares of RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 246 shares during the last quarter. Versant Capital Management Inc raised its position in shares of RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of RPM International in the 2nd quarter valued at about $45,000. 80.95% of the stock is currently owned by 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.