Wells Fargo & Company Boosts RPM International (NYSE:RPM) Price Target to $134.00

RPM International (NYSE:RPM) had its price target raised by Wells Fargo & Company from $125.00 to $134.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other research firms have also weighed in on RPM. UBS Group dropped their target price on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a report on Tuesday, July 9th. StockNews.com upgraded shares of RPM International from a hold rating to a buy rating in a report on Thursday, September 26th. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a neutral rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a buy rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, RPM International presently has a consensus rating of Hold and an average price target of $129.70.

RPM International Stock Performance

Shares of RPM stock opened at $128.91 on Thursday. The company has a market capitalization of $16.60 billion, a P/E ratio of 29.70, a PEG ratio of 1.92 and a beta of 1.00. RPM International has a fifty-two week low of $88.84 and a fifty-two week high of $129.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 2.26. The stock has a 50 day moving average price of $118.48 and a two-hundred day moving average price of $113.89.

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

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, October 18th. RPM International’s payout ratio is currently 42.40%.

Insider Buying and Selling

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the sale, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $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 currently owned by company insiders.

Institutional Trading of RPM International

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of RPM International in the fourth quarter worth $25,000. Rise Advisors LLC purchased a new position in RPM International in the 1st quarter worth about $38,000. Cambridge Trust Co. lifted its stake in RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 246 shares during the period. Versant Capital Management Inc boosted its holdings 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 valued at $40,000 after acquiring an additional 318 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of RPM International in the second quarter worth approximately $45,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.