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

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

Other analysts also recently issued research reports about the stock. Mizuho reduced their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday. JPMorgan Chase & Co. raised their price target on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, RPM International presently has a consensus rating of “Hold” and an average target price of $129.70.

RPM International Stock Performance

RPM opened at $128.91 on Friday. RPM International has a 1-year low of $88.84 and a 1-year high of $129.91. The stock has a market cap 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. The stock’s 50 day simple moving average is $118.48 and its 200 day simple moving average is $113.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.32.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 earnings per share. As a group, equities analysts anticipate that RPM International will post 5.49 EPS for the current fiscal year.

Insider Transactions at RPM International

In related news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now directly owns 24,339 shares in the company, valued at $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 available through this hyperlink. Also, CEO Frank C. Sullivan sold 57,083 shares of RPM International 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 $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. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of RPM International by 14.3% in the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after acquiring an additional 101 shares in the last quarter. Los Angeles Capital Management LLC raised its position in RPM International by 3.0% in the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock valued at $456,000 after purchasing an additional 110 shares during the period. Summit Financial LLC raised its position in RPM International by 5.9% in the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company’s stock valued at $271,000 after purchasing an additional 141 shares during the period. SVB Wealth LLC lifted its stake in shares of RPM International by 3.0% during the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 159 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in shares of RPM International by 8.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 197 shares during the period. 80.95% of the stock is 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.