RPM International (NYSE:RPM) Price Target Raised to $126.00

RPM International (NYSE:RPM) had its price objective increased by JPMorgan Chase & Co. from $120.00 to $126.00 in a research note published on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently issued reports on RPM. UBS Group lowered their price objective on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. 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. Royal Bank of Canada upped their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a sector perform rating in a research report on Thursday. BMO Capital Markets dropped their price objective on RPM International from $140.00 to $139.00 and set an outperform rating on the stock in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company lifted their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, RPM International presently has a consensus rating of Hold and a consensus price target of $129.70.

RPM International Trading Up 1.3 %

Shares of NYSE RPM opened at $128.91 on Thursday. 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 company has a market cap of $16.60 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.92 and a beta of 1.00. The business’s 50 day moving average price is $118.48 and its 200-day moving average price is $113.89.

RPM International (NYSE:RPM) last released its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The business 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%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. On average, sell-side analysts expect that RPM International will post 5.49 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International’s dividend payout ratio (DPR) is 42.40%.

Insiders Place Their Bets

In other RPM International 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 value of $6,625,052.98. Following the sale, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Frank C. Sullivan sold 57,083 shares of the firm’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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares in the company, 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. Insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Several large investors have recently bought and sold shares of RPM. Strategic Investment Solutions Inc. IL purchased a new position in RPM International during the second quarter worth $71,000. 3Chopt Investment Partners LLC acquired a new position in shares of RPM International during the 2nd quarter valued at about $315,000. Pacer Advisors Inc. raised its stake in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the period. One Capital Management LLC raised its position in shares of RPM International by 25.3% in the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after buying an additional 20,556 shares during the period. Finally, Plato Investment Management Ltd raised its holdings in shares of RPM International by 2.5% in the 2nd quarter. Plato Investment Management Ltd now owns 17,319 shares of the specialty chemicals company’s stock worth $1,865,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.