StockNews.com Downgrades RPM International (NYSE:RPM) to Hold

RPM International (NYSE:RPM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Friday. BMO Capital Markets raised their target price on RPM International from $123.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company upped their price target on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group decreased their price objective on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Royal Bank of Canada increased their price target on RPM International from $119.00 to $120.00 and gave the company a “sector perform” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RPM International presently has an average rating of “Hold” and an average price target of $120.55.

RPM International Trading Down 0.8 %

Shares of NYSE:RPM traded down $0.91 during trading on Friday, reaching $117.56. 1,247,778 shares of the company traded hands, compared to its average volume of 626,431. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.62 and a beta of 1.00. RPM International has a 52-week low of $88.84 and a 52-week high of $121.63. The company has a current ratio of 2.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.93. The business’s fifty day moving average is $110.64 and its 200-day moving average is $111.09.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 earnings per share. As a group, analysts forecast that RPM International will post 4.94 EPS for the current year.

Institutional Trading of RPM International

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of RPM International by 14.3% during the 1st 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. WASHINGTON TRUST Co boosted its holdings in shares of RPM International by 11.2% during the fourth quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 107 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of RPM International by 3.0% during the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 110 shares during the last quarter. SVB Wealth LLC boosted its holdings in RPM International by 3.0% in the first quarter. SVB Wealth LLC now owns 5,491 shares of the specialty chemicals company’s stock valued at $653,000 after acquiring an additional 159 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its holdings in RPM International by 8.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 197 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

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.