RPM International (NYSE:RPM) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research report released on Saturday.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets reiterated an outperform rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Mizuho reduced their price objective on shares of RPM International from $136.00 to $134.00 and set an outperform rating for the company in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft increased their price objective on RPM International from $132.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on RPM International from $120.00 to $126.00 and gave the stock a neutral rating in a research report on Thursday, October 3rd. Finally, UBS Group decreased their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $129.70.

RPM International Trading Down 0.7 %

NYSE RPM opened at $132.60 on Friday. The firm has a market capitalization of $17.07 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The business’s 50-day moving average price is $120.38 and its two-hundred day moving average price is $114.48. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a 12 month low of $88.84 and a 12 month high of $134.56.

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. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. RPM International’s revenue was down 2.1% on a year-over-year basis. On average, analysts expect that RPM International will post 5.55 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 18th. RPM International’s dividend payout ratio is 47.00%.

Insider Buying and Selling

In related news, CEO Frank C. Sullivan sold 57,083 shares of RPM International 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 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 the SEC website. In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,691 shares of company stock worth $7,202,419. Insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of RPM International by 14.3% in the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after acquiring an additional 101 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of RPM International by 3.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after acquiring an additional 110 shares during the period. Summit Financial LLC grew its stake in shares of RPM International by 5.9% in the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 141 shares in the last quarter. SVB Wealth LLC grew its holdings in shares of RPM International by 3.0% in the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock valued at $653,000 after purchasing an additional 159 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of RPM International by 8.1% during the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 197 shares during the period. 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.