RPM International (NYSE:RPM) Stock Price Expected to Rise, UBS Group Analyst Says

RPM International (NYSE:RPM) had its price target boosted by analysts at UBS Group from $123.00 to $130.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 3.76% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets restated an “outperform” rating and issued a $149.00 price objective (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday. 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 research report on Thursday, October 3rd. Royal Bank of Canada increased their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price target on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $131.00.

RPM International Price Performance

NYSE RPM opened at $125.29 on Thursday. The company has a market cap of $16.13 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.98 and a beta of 1.00. RPM International has a 1 year low of $100.82 and a 1 year high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $133.65 and a 200 day simple moving average of $121.83.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. 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 previous year, the company posted $1.64 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts predict that RPM International will post 5.56 EPS for the current year.

Insider Buying and Selling at RPM International

In related news, CAO Michael J. Laroche sold 3,615 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction on Friday, October 18th. The stock was 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 directly owns 22,738 shares in the company, 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. Over the last three months, insiders sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares during the last quarter. Pacer Advisors Inc. raised its holdings in RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Bank of New York Mellon Corp lifted its position in RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after purchasing an additional 61,218 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of RPM International by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after purchasing an additional 1,919 shares during the last quarter. Finally, National Pension Service grew its position in shares of RPM International by 4.8% during the 3rd 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 during the period. Institutional investors and hedge funds 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.