RPM International (NYSE:RPM) Rating Lowered to Hold at StockNews.com

RPM International (NYSE:RPM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other analysts also recently issued reports on RPM. Mizuho decreased their price target on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a report on Friday, July 26th. 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 note on Thursday. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a report on Tuesday, July 16th. UBS Group lowered their target price on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.70.

RPM International Trading Up 1.3 %

RPM opened at $128.91 on Friday. 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 capitalization of $16.60 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.92 and a beta of 1.00. The business has a fifty day moving average price of $118.48 and a 200 day moving average price of $113.89. RPM International has a 12 month low of $88.84 and a 12 month high of $129.91.

RPM International (NYSE:RPM) last announced 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts expect that RPM International will post 5.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the company’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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal 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 stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction on 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 in the company, valued at $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. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in RPM International by 9,945.2% during the second 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of RPM International by 4.3% in 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 buying an additional 61,218 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after buying an additional 13,010 shares during the period. California State Teachers Retirement System boosted its stake in shares of RPM International by 5.3% in the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after buying an additional 12,791 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in RPM International by 16.5% during the first quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after acquiring an additional 22,388 shares during the period. 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.