RPM International (NYSE:RPM) PT Raised to $122.00 at UBS Group

RPM International (NYSE:RPM - Free Report) had its price target hoisted by UBS Group from $121.00 to $122.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company's stock.

Several other analysts have also recently commented on the company. Robert W. Baird lifted their price target on RPM International from $105.00 to $120.00 and gave the company a neutral rating in a report on Friday. Mizuho raised their target price on shares of RPM International from $128.00 to $136.00 and gave the stock a buy rating in a research report on Friday. Finally, BMO Capital Markets cut their target price on RPM International from $127.00 to $123.00 and set an outperform rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $112.60.

RPM International Trading Up 1.1 %

Shares of NYSE:RPM traded up $1.27 during trading on Friday, reaching $112.96. The stock had a trading volume of 771,545 shares, compared to its average volume of 631,973. RPM International has a fifty-two week low of $78.52 and a fifty-two week high of $120.74. The business has a fifty day moving average price of $113.25 and a 200-day moving average price of $105.81. The stock has a market cap of $14.56 billion, a P/E ratio of 27.69, a PEG ratio of 1.80 and a beta of 1.04. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.95.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. RPM International had a return on equity of 26.71% and a net margin of 7.15%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 EPS. As a group, analysts anticipate that RPM International will post 4.96 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. RPM International's payout ratio is currently 45.10%.

Insiders Place Their Bets

In other news, VP Matthew T. Ratajczak sold 6,000 shares of RPM International stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now owns 23,451 shares in the company, valued at $2,570,933.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the completion of the transaction, the vice president now directly owns 23,451 shares of the company's stock, valued at approximately $2,570,933.13. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy R. Kinser sold 2,380 shares of RPM International stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $107.00, for a total value of $254,660.00. Following the sale, the vice president now directly owns 20,767 shares in the company, valued at $2,222,069. The disclosure for this sale can be found here. Insiders sold a total of 10,215 shares of company stock worth $1,112,547 in the last 90 days. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in RPM. GAMMA Investing LLC grew its position in shares of RPM International by 14.3% during the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company's stock worth $96,000 after buying an additional 101 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in RPM International by 3.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company's stock worth $456,000 after acquiring an additional 110 shares in the last quarter. Symmetry Partners LLC grew its holdings in RPM International by 3.9% during the 1st quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company's stock worth $639,000 after acquiring an additional 200 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of RPM International in the 4th quarter worth about $630,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of RPM International in the 4th quarter valued at about $25,000. 80.95% of the stock is 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.