RPM International (NYSE:RPM) Price Target Increased to $125.00 by Analysts at Wells Fargo & Company

RPM International (NYSE:RPM) had its price objective raised by Wells Fargo & Company from $110.00 to $125.00 in a report issued on Friday morning, Benzinga reports. They currently have an equal weight rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently weighed in on RPM. JPMorgan Chase & Co. cut shares of RPM International from an overweight rating to a neutral rating and set a $120.00 price objective on the stock. in a research note on Friday. UBS Group dropped their price target on shares of RPM International from $122.00 to $117.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets decreased their price objective on shares of RPM International from $127.00 to $123.00 and set an outperform rating for the company in a report on Friday, April 5th. Mizuho boosted their target price on RPM International from $128.00 to $136.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Robert W. Baird upped their target price on RPM International from $105.00 to $120.00 and gave the stock a neutral rating in a research report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, RPM International currently has a consensus rating of Hold and a consensus price target of $120.80.

RPM International Price Performance

Shares of NYSE RPM opened at $118.29 on Friday. RPM International has a 1-year low of $88.84 and a 1-year high of $121.63. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The firm has a market capitalization of $15.24 billion, a PE ratio of 27.26, a P/E/G ratio of 1.72 and a beta of 1.00. The business’s fifty day moving average price is $110.75 and its two-hundred day moving average price is $111.24.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, research analysts expect that RPM International will post 5.46 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. RPM International’s dividend payout ratio is currently 42.40%.

Institutional Investors Weigh In On RPM International

Several large investors have recently modified their holdings of RPM. V Square Quantitative Management LLC acquired a new position in RPM International in the fourth quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of RPM International in the 1st quarter valued at $38,000. Cambridge Trust Co. boosted its holdings in RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Versant Capital Management Inc raised its holdings in RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 318 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of RPM International in the first quarter worth about $52,000. 80.95% of the stock is 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.