Royal Bank of Canada Boosts RPM International (NYSE:RPM) Price Target to $126.00

RPM International (NYSE:RPM) had its price target raised by Royal Bank of Canada from $120.00 to $126.00 in a report issued on Thursday morning, Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

A number of other analysts also recently commented on the company. StockNews.com upgraded RPM International from a hold rating to a buy rating in a research report on Thursday, September 26th. BMO Capital Markets reduced their target price on RPM International from $140.00 to $139.00 and set an outperform rating for the company in a research report on Tuesday, August 27th. UBS Group decreased 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. JPMorgan Chase & Co. cut shares of RPM International from an overweight rating to a neutral rating and set a $120.00 price objective for the company. in a research note on Friday, July 26th. Finally, Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 target price on the stock in a research report on Tuesday, July 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, RPM International presently has a consensus rating of Hold and an average target price of $129.70.

RPM International Trading Up 1.3 %

Shares of RPM stock opened at $128.91 on Thursday. The firm has a market capitalization of $16.60 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. RPM International has a 1 year low of $88.84 and a 1 year high of $129.91. The firm’s fifty day simple moving average is $118.48 and its 200 day simple moving average is $113.89. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its quarterly earnings data 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 the consensus estimate of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, sell-side analysts predict that RPM International will post 5.49 EPS for the current year.

RPM International Increases Dividend

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

Insider Activity at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was 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 directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of RPM International by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after acquiring an additional 15,084 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of RPM International by 73.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock valued at $767,000 after purchasing an additional 2,910 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of RPM International during the 4th quarter worth approximately $25,000. HighPoint Advisor Group LLC bought a new stake in shares of RPM International during the fourth quarter worth approximately $630,000. Finally, Symmetry Partners LLC lifted its holdings in RPM International by 3.9% in the first quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company’s stock valued at $639,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.