RPM International (NYSE:RPM) Price Target Lowered to $119.00 at UBS Group

RPM International (NYSE:RPM) had its price target decreased by research analysts at UBS Group from $127.00 to $119.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective would suggest a potential upside of 10.73% from the stock’s previous close.

Several other research analysts have also commented on RPM. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $129.00 in a research note on Tuesday, October 14th. Mizuho reduced their target price on shares of RPM International from $138.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research note on Monday. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $121.00 to $132.00 in a research report on Tuesday, December 9th. Finally, Evercore ISI decreased their target price on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.36.

RPM International Trading Down 0.6%

Shares of NYSE RPM traded down $0.65 during trading on Thursday, reaching $107.47. The stock had a trading volume of 92,258 shares, compared to its average volume of 792,925. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. The company has a market cap of $13.78 billion, a P/E ratio of 20.09, a PEG ratio of 1.97 and a beta of 1.11. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $129.12. The business’s 50-day moving average price is $107.89 and its 200-day moving average price is $114.28.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.RPM International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.84 EPS. On average, equities research analysts predict that RPM International will post 5.5 EPS for the current fiscal year.

Insider Buying and Selling

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the sale, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. The trade was a 1.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of RPM International by 16.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,437 shares of the specialty chemicals company’s stock worth $1,323,000 after acquiring an additional 1,647 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in RPM International by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares in the last quarter. Keeley Teton Advisors LLC lifted its position in shares of RPM International by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company’s stock worth $1,704,000 after buying an additional 155 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of RPM International by 6.3% in the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock valued at $32,204,000 after buying an additional 16,549 shares during the last quarter. Finally, Amundi raised its stake in RPM International by 2.3% during the 1st quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock worth $19,135,000 after acquiring an additional 3,788 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.