RPM International (NYSE:RPM) Price Target Raised to $126.00 at JPMorgan Chase & Co.

RPM International (NYSE:RPM) had its price objective boosted by JPMorgan Chase & Co. from $120.00 to $126.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com raised shares of RPM International from a hold rating to a buy rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of RPM International from $110.00 to $125.00 and gave the company an equal weight rating in a research note on Friday, July 26th. BMO Capital Markets decreased their price target on shares of RPM International from $140.00 to $139.00 and set an outperform rating on the stock in a research note on Tuesday, August 27th. Vertical Research upgraded 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. 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $129.70.

RPM International Trading Up 1.3 %

RPM opened at $128.91 on Thursday. The stock has a market capitalization of $16.60 billion, a P/E ratio of 29.70, a P/E/G ratio of 1.92 and a beta of 1.00. RPM International has a 12 month low of $88.84 and a 12 month high of $129.91. The firm’s fifty day simple moving average is $118.48 and its 200 day simple moving average is $113.87. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77.

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, beating 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 analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $1.64 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that RPM International will post 5.49 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio is 42.40%.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’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 directly 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 position. The transaction was disclosed in a document filed with the SEC, 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 transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of RPM. V Square Quantitative Management LLC purchased a new stake in RPM International in the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of RPM International in the 1st quarter worth $38,000. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares during the last quarter. Versant Capital Management Inc increased its position in shares of RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 318 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in RPM International during the 2nd quarter valued at about $45,000. 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.