RPM International (NYSE:RPM - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.
A number of other analysts also recently issued reports on RPM. Mizuho cut their price target on shares of RPM International from $120.00 to $111.00 and set an "outperform" rating for the company in a report on Monday, March 23rd. Zacks Research downgraded shares of RPM International from a "hold" rating to a "strong sell" rating in a report on Friday, January 23rd. Bank of America cut their price target on shares of RPM International from $128.00 to $125.00 and set a "buy" rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of RPM International from $138.00 to $126.00 and set a "buy" rating for the company in a report on Monday, January 12th. Finally, Weiss Ratings reissued 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, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.58.
Check Out Our Latest Research Report on RPM International
RPM International Stock Down 1.6%
Shares of NYSE RPM opened at $109.18 on Friday. The company has a 50 day simple moving average of $107.08 and a 200-day simple moving average of $108.25. The company has a market capitalization of $13.93 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.28 and a quick ratio of 1.45. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12.
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, topping analysts' consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. On average, equities research analysts predict that RPM International will post 5.5 earnings per share for the current year.
Insider Buying and Selling
In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the firm's stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares of the company's stock, valued at $2,343,866.88. This trade represents a 13.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On RPM International
Several institutional investors have recently modified their holdings of RPM. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the 4th quarter worth $54,307,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of RPM International during the 4th quarter worth $16,175,000. Danske Bank A S purchased a new stake in shares of RPM International during the 3rd quarter worth $17,362,000. River Road Asset Management LLC purchased a new stake in shares of RPM International during the 4th quarter worth $6,658,000. Finally, California State Teachers Retirement System lifted its position in shares of RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company's stock worth $39,096,000 after purchasing an additional 63,532 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.
RPM International News Roundup
Here are the key news stories impacting RPM International this week:
RPM International Company Profile
(
Get Free Report)
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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