RPM International (NYSE:RPM) Raised to Hold at Barclays

RPM International (NYSE:RPM) was upgraded by equities researchers at Barclays to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other equities research analysts also recently commented on RPM. Royal Bank Of Canada decreased their target price on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. UBS Group dropped their price target on shares of RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company cut their price target on RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. KeyCorp cut their price target on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Finally, Morgan Stanley decreased their price objective on RPM International from $117.00 to $114.00 and set an “equal weight” rating for the company in a report on Monday, September 28th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.71.

RPM International Stock Performance

Shares of RPM stock opened at $97.77 on Monday. The firm has a market capitalization of $12.47 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.74 and a beta of 1.05. The firm has a fifty day simple moving average of $103.96 and a two-hundred day simple moving average of $104.66. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. RPM International has a 12 month low of $92.92 and a 12 month high of $121.78.

RPM International (NYSE:RPM) last released its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Analysts forecast that RPM International will post 5.96 EPS for the current fiscal year.

Institutional Trading of RPM International

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in RPM International during the second quarter worth $1,456,684,000. Bank of New York Mellon Corp purchased a new position in RPM International in the second quarter worth $118,220,000. Legal & General Group Plc purchased a new position in RPM International in the second quarter worth $37,713,000. Deutsche Bank AG bought a new position in RPM International in the 2nd quarter valued at $25,999,000. Finally, Danske Bank A S bought a new position in RPM International in the 2nd quarter valued at $20,077,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.