RPM International Inc. (NYSE:RPM) Given Average Recommendation of “Hold” by Analysts

Shares of RPM International Inc. (NYSE:RPM) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $127.10.

Several brokerages have issued reports on RPM. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Tuesday, July 16th. UBS Group cut their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets restated an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday.

RPM International Trading Down 0.3 %

Shares of RPM stock opened at $127.32 on Friday. RPM International has a twelve month low of $88.84 and a twelve month high of $129.91. The stock’s fifty day simple moving average is $118.07 and its 200 day simple moving average is $113.70. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $16.39 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.84 and a beta of 1.00.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, sell-side analysts predict that RPM International will post 5.51 EPS for the current fiscal year.

Insider Buying and Selling

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the business’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 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 $120,590,982.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other 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 transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at $2,866,890.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the 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 transaction, the chief executive officer now directly owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

A number of large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of RPM International in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new stake in shares of RPM International in the first quarter worth approximately $38,000. Cambridge Trust Co. lifted its holdings in shares of RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of RPM International by 588.9% during 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 bought a new stake in RPM International during the second quarter worth $45,000. 80.95% of the stock is currently owned by institutional investors.

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.