RPM International (NYSE:RPM) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded RPM International from “Buy” to “Hold,” although the broader analyst consensus remains “Moderate Buy” with a $126 target price.
• RPM reported quarterly results above expectations, posting $1.89 in EPS and $2.23 billion in revenue; revenue increased 7.2% year over year.
• RPM shares opened at $108.78, down 1.4%, while institutional investors own approximately 80.95% of the company.

RPM International (NYSE:RPM - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

RPM has been the topic of several other reports. UBS Group upgraded RPM International from a "neutral" rating to a "buy" rating and boosted their target price for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Citigroup increased their price target on RPM International from $125.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Royal Bank Of Canada lifted their price objective on RPM International from $126.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Weiss Ratings restated a "hold (c)" rating on shares of RPM International in a research note on Friday, July 24th. Finally, Bank of America increased their target price on shares of RPM International from $129.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.00.

RPM International Stock Down 1.4%

RPM International stock opened at $108.78 on Friday. The firm has a 50 day moving average price of $109.29 and a 200-day moving average price of $106.74. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The company has a market capitalization of $13.90 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.26 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. RPM International's revenue was up 7.2% on a year-over-year basis. As a group, equities analysts predict that RPM International will post 6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company's stock worth $184,000 after buying an additional 93 shares in the last quarter. LRI Investments LLC grew its position in RPM International by 6.6% during the fourth quarter. LRI Investments LLC now owns 1,752 shares of the specialty chemicals company's stock worth $182,000 after buying an additional 108 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in RPM International by 2.0% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 5,894 shares of the specialty chemicals company's stock worth $613,000 after buying an additional 114 shares in the last quarter. Versant Capital Management Inc grew its position in RPM International by 36.0% during the second quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company's stock worth $117,000 after buying an additional 278 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new position in RPM International in the 4th quarter worth about $37,000. Institutional investors own 80.95% of the company's stock.

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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