RPM International (NYSE:RPM) PT Raised to $125.00 at Morgan Stanley

RPM International (NYSE:RPM) had its price target lifted by Morgan Stanley from $107.00 to $125.00 in a research note published on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other reports. Vertical Research raised 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. BMO Capital Markets reiterated an outperform rating and issued a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Royal Bank of Canada lifted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a sector perform rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on RPM International from $120.00 to $126.00 and gave the stock a neutral rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an equal weight rating in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $129.70.

RPM International Price Performance

RPM stock opened at $129.18 on Friday. RPM International has a one year low of $88.84 and a one year high of $129.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.32. The stock has a market cap of $16.63 billion, a PE ratio of 29.76, a P/E/G ratio of 1.92 and a beta of 1.00. The firm has a 50 day simple moving average of $118.69 and a two-hundred day simple moving average of $113.92.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The business 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%. During the same period last year, the business earned $1.64 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that RPM International will post 5.49 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International’s dividend payout ratio (DPR) is 47.00%.

Insider Transactions at RPM International

In other 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 transaction of $6,625,052.98. Following the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction on 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 owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in RPM International by 107.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $234,000 after purchasing an additional 1,003 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in RPM International in the 2nd quarter valued at about $71,000. 3Chopt Investment Partners LLC bought a new stake in shares of RPM International during the 2nd quarter worth $315,000. Pacer Advisors Inc. boosted its holdings in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares during the period. Finally, One Capital Management LLC grew its holdings in shares of RPM International by 25.3% during the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock valued at $10,954,000 after buying an additional 20,556 shares in the last quarter. Hedge funds and other 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.