RPM International (NYSE:RPM) Downgraded to “Hold” Rating by StockNews.com

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

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. UBS Group increased their price objective on RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho decreased their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RPM International has an average rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Stock Performance

NYSE:RPM opened at $122.95 on Tuesday. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International has a 1-year low of $103.68 and a 1-year high of $141.79. The firm’s fifty day moving average price is $123.92 and its 200 day moving average price is $126.09.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. On average, sell-side analysts expect that RPM International will post 5.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RPM. Creative Financial Designs Inc. ADV increased its position in 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 worth $26,000 after buying an additional 82 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new position in RPM International in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC lifted its holdings in RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 155 shares in the last quarter. Finally, Fairway Wealth LLC boosted its stake in shares of RPM International by 829.8% during the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 390 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.