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

StockNews.com lowered shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Several other research firms also recently commented on RPM. 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 report on Thursday, October 3rd. Royal Bank of Canada increased 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, October 3rd. JPMorgan Chase & Co. boosted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Wells Fargo & Company increased their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley increased their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.70.

RPM International Stock Performance

Shares of RPM stock opened at $126.49 on Wednesday. The company has a fifty day moving average price of $133.77 and a two-hundred day moving average price of $121.80. RPM International has a one year low of $100.82 and a one year high of $141.79. The stock has a market cap of $16.28 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.98 and a beta of 1.00. 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 (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company posted $1.64 earnings per share. RPM International’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts predict that RPM International will post 5.56 EPS for the current year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. The ex-dividend date was Friday, October 18th. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.61%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insider Buying and Selling at RPM International

In other news, CAO Michael J. Laroche sold 3,615 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock worth $1,443,549 over the last 90 days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in RPM International during the 3rd quarter worth approximately $1,295,000. Christopher J. Hasenberg Inc acquired a new position in shares of RPM International in the third quarter worth approximately $35,000. National Pension Service boosted its holdings in RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after acquiring an additional 10,317 shares during the last quarter. One Capital Management LLC increased its position in RPM International by 25.3% during the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock valued at $10,954,000 after purchasing an additional 20,556 shares during the period. Finally, Hardin Capital Partners LLC bought a new position in RPM International during the 2nd quarter worth approximately $363,000. 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.