BMO Capital Markets Lowers RPM International (NYSE:RPM) Price Target to $148.00

Key Points

• BMO Capital Markets trimmed its price target for RPM from $149 to $148 while maintaining an "outperform" rating, a target that implies about a 36.36% upside from the prior close.
• RPM reported a strong quarter (EPS $0.57 vs. $0.37 expected; revenue $1.61B vs. $1.55B expected, +8.9% YoY), trades near $108.54, and carries a consensus "Moderate Buy" from analysts with an average price target of $126.33.

RPM International (NYSE:RPM - Get Free Report) had its target price reduced by research analysts at BMO Capital Markets from $149.00 to $148.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the specialty chemicals company's stock. BMO Capital Markets' price objective would indicate a potential upside of 36.36% from the company's previous close.

RPM has been the subject of several other reports. Citigroup decreased their price objective on RPM International from $136.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, December 18th. Royal Bank Of Canada boosted their price target on RPM International from $126.00 to $130.00 and gave the stock an "outperform" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on RPM International from $138.00 to $126.00 and set a "buy" rating on the stock in a research note on Monday, January 12th. JPMorgan Chase & Co. raised RPM International from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $117.00 to $115.00 in a research note on Friday, January 9th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of RPM International in a research report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.33.

RPM International Stock Down 0.6%

NYSE:RPM traded down $0.66 during mid-day trading on Monday, hitting $108.54. The stock had a trading volume of 316,833 shares, compared to its average volume of 1,101,774. The stock has a 50-day simple moving average of $107.08 and a two-hundred day simple moving average of $108.10. The company has a market capitalization of $13.85 billion, a PE ratio of 20.91, a PEG ratio of 2.82 and a beta of 1.10. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.20. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts anticipate that RPM International will post 5.5 EPS for the current year.

Insider Transactions at RPM International

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the firm's stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president directly owned 21,248 shares of the company's stock, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently modified their holdings of the company. River Road Asset Management LLC acquired a new position in shares of RPM International in the 4th quarter valued at about $6,658,000. State of Tennessee Department of Treasury lifted its stake in shares of RPM International by 12.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 49,711 shares of the specialty chemicals company's stock valued at $5,317,000 after purchasing an additional 5,571 shares in the last quarter. Jump Financial LLC acquired a new position in shares of RPM International in the 4th quarter valued at about $1,026,000. California State Teachers Retirement System lifted its stake in shares of RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company's stock valued at $41,065,000 after purchasing an additional 49,979 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of RPM International by 3.6% in the 4th quarter. Russell Investments Group Ltd. now owns 62,270 shares of the specialty chemicals company's stock valued at $6,476,000 after purchasing an additional 2,165 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company's Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.

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