RPM International (NYSE:RPM) Upgraded at StockNews.com

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

A number of other equities research analysts have also recently commented on the stock. Mizuho dropped their price objective on shares of RPM International from $136.00 to $134.00 and set an outperform rating on the stock in a research note on Friday, July 26th. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 price objective for the company in a research report on Tuesday, July 16th. Royal Bank of Canada raised their target price on RPM International from $119.00 to $120.00 and gave the company a sector perform rating in a research report on Friday, July 26th. BMO Capital Markets reduced their price target on RPM International from $140.00 to $139.00 and set an outperform rating for the company in a report on Tuesday, August 27th. Finally, UBS Group dropped their price objective on RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $122.22.

RPM International Stock Down 0.8 %

RPM stock opened at $122.93 on Thursday. The company has a market capitalization of $15.83 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. RPM International has a 12 month low of $88.84 and a 12 month high of $125.35. The firm’s fifty day simple moving average is $117.48 and its 200-day simple moving average is $113.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting the consensus estimate of $1.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. As a group, equities research analysts forecast that RPM International will post 5.51 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, July 17th. RPM International’s payout ratio is 42.40%.

Insider Buying and Selling

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company’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 of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the firm’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 sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of RPM International

Several hedge funds have recently made changes to their positions in RPM. V Square Quantitative Management LLC acquired a new position in RPM International in the fourth quarter valued at approximately $25,000. Rise Advisors LLC acquired a new stake in shares of RPM International during the 1st quarter worth about $38,000. Cambridge Trust Co. raised its holdings in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares during the period. Versant Capital Management Inc lifted its position in RPM International by 588.9% in the second 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 during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in RPM International during the second quarter worth about $45,000. Hedge funds and other institutional investors 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.