RPM International's (RPM) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• RPM International's stock has been reaffirmed with a "buy (B-)" rating by Weiss Ratings, indicating continued analyst confidence in the company's performance.
• Several major financial institutions have adjusted their price targets for RPM, with Wells Fargo increasing its target to $145, while Royal Bank of Canada has decreased its target to $121.
• The company reported earnings of $1.88 per share for the quarter, surpassing analyst expectations and showing a revenue increase of 7.4% year-over-year, reaching $2.11 billion.

RPM International (NYSE:RPM - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company increased their price objective on RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada dropped their price objective on RPM International from $125.00 to $121.00 and set a "sector perform" rating on the stock in a report on Monday. Bank of America upgraded RPM International from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 14th. Mizuho increased their price objective on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, UBS Group increased their price objective on RPM International from $126.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.60.

RPM International Price Performance

Shares of RPM opened at $113.17 on Wednesday. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.04 and a beta of 1.03. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. The business's 50-day moving average is $121.88 and its 200-day moving average is $114.82.

RPM International (NYSE:RPM - Get Free Report) last issued its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company earned $1.84 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederick R. Nance sold 1,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total transaction of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares in the company, valued at $882,547.84. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

Several large investors have recently bought and sold shares of RPM. Thurston Springer Miller Herd & Titak Inc. raised its stake in RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 250 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of RPM International by 43.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 118 shares in the last quarter. Curio Wealth LLC raised its stake in shares of RPM International by 65,900.0% in the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 659 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of RPM International by 82.1% in the 1st quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock valued at $89,000 after buying an additional 344 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company's stock valued at $106,000 after buying an additional 384 shares in the last quarter. 80.95% of the stock is currently 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.

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