RPM International (NYSE:RPM) Upgraded to “Buy” at StockNews.com

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

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada upped their price target on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price target on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Mizuho decreased their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $129.70.

RPM International Trading Down 0.4 %

RPM stock traded down $0.52 during midday trading on Wednesday, reaching $134.46. 570,894 shares of the company’s stock traded hands, compared to its average volume of 633,089. RPM International has a fifty-two week low of $100.56 and a fifty-two week high of $138.26. The business has a 50-day moving average price of $129.12 and a two-hundred day moving average price of $118.49. The company has a market capitalization of $17.31 billion, a P/E ratio of 28.19, a PEG ratio of 2.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. Equities research analysts forecast that RPM International will post 5.55 EPS for the current fiscal year.

Insider Transactions at RPM International

In other news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,083 shares of company stock worth $1,443,549. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of RPM International by 2,975.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after acquiring an additional 194,215 shares during the period. Geode Capital Management LLC increased its stake in shares of RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after acquiring an additional 145,070 shares during the period. Bank of New York Mellon Corp lifted its position in RPM International by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after purchasing an additional 61,218 shares during the period. Finally, Forsta AP Fonden increased its position in shares of RPM International by 166.7% during the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after purchasing an additional 43,000 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.