RPM International (NYSE:RPM) Price Target Cut to $140.00 by Analysts at Mizuho

RPM International (NYSE:RPM) had its price target cut by stock analysts at Mizuho from $150.00 to $140.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective suggests a potential upside of 15.14% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group lifted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.20.

RPM International Stock Performance

Shares of NYSE RPM traded down $0.15 during midday trading on Wednesday, hitting $121.59. 217,665 shares of the company’s stock were exchanged, compared to its average volume of 1,003,831. The company’s 50 day moving average price is $131.57 and its 200 day moving average price is $123.13. RPM International has a 12 month low of $103.63 and a 12 month high of $141.79. The firm has a market capitalization of $15.65 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. As a group, analysts predict that RPM International will post 5.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were 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 in the company, valued at $3,040,297.98. This represents a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,927 shares of company stock worth $1,037,214. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of RPM International

Large investors have recently made changes to their positions in the business. Pensionfund Sabic purchased a new position in shares of RPM International during the fourth quarter valued at approximately $1,354,000. GAMMA Investing LLC raised its stake in RPM International by 12.8% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after buying an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of RPM International in the 3rd quarter valued at about $1,295,000. Toronto Dominion Bank grew its holdings in RPM International by 33.0% in the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after purchasing an additional 4,062 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after buying an additional 145,070 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

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.