RPM International (NYSE:RPM) Stock Price Expected to Rise, UBS Group Analyst Says

RPM International (NYSE:RPM) had its price objective boosted by investment analysts at UBS Group from $123.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target would indicate a potential upside of 3.76% from the company’s previous close.

Several other research analysts have also weighed in on RPM. Royal Bank of Canada lifted their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their price objective on shares of 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $131.00.

RPM International Price Performance

RPM International stock opened at $125.29 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $16.13 billion, a P/E ratio of 26.27, a PEG ratio of 1.98 and a beta of 1.00. The business has a 50-day moving average of $133.65 and a 200-day moving average of $121.83. RPM International has a 1 year low of $100.82 and a 1 year high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, equities analysts anticipate that RPM International will post 5.56 EPS for the current year.

Insider Transactions at RPM International

In other news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock worth $1,443,549 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RPM. Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Huntington National Bank increased its holdings in shares of RPM International by 1.0% in the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock valued at $1,310,000 after purchasing an additional 108 shares during the last quarter. Summit Financial LLC increased its holdings in shares of 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 last quarter. Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International during the 3rd quarter worth about $35,000. Finally, LRI Investments LLC boosted its holdings in shares of RPM International by 12.4% during the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock worth $297,000 after buying an additional 271 shares during the period. 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.