RPM International (NYSE:RPM) Rating Increased to Overweight at Wells Fargo & Company

RPM International (NYSE:RPM) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a $140.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $134.00. Wells Fargo & Company‘s target price indicates a potential upside of 15.03% from the company’s previous close.

RPM has been the topic of a number of other reports. UBS Group lifted their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upped their target price on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.60.

RPM International Stock Up 1.1 %

Shares of NYSE RPM opened at $121.71 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International has a 1 year low of $103.63 and a 1 year high of $141.79. The stock has a market capitalization of $15.66 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a 50-day moving average price of $131.57 and a 200-day moving average price of $123.13.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company posted $1.22 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that RPM International will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling at RPM International

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the sale, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at $1,474,315.44. The trade was a 23.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Tracy D. Crandall sold 3,718 shares of the firm’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 of the company’s stock, valued at $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,927 shares of company stock valued at $1,037,214 over the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV increased its position in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the period. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the 3rd quarter worth approximately $35,000. Eastern Bank bought a new position in RPM International in the 3rd quarter valued at $41,000. UMB Bank n.a. grew its position in shares of RPM International by 369.7% during the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of RPM International in the second quarter worth $45,000. 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.