RPM International (NYSE:RPM) PT Raised to $126.00

RPM International (NYSE:RPM) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $120.00 to $126.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 2.26% from the stock’s previous close.

A number of other research firms also recently issued reports on RPM. BMO Capital Markets decreased their price objective on RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Tuesday, August 27th. UBS Group lowered their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 16th. Wells Fargo & Company raised their target price on shares of RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, RPM International currently has an average rating of “Hold” and a consensus target price of $126.91.

RPM International Price Performance

Shares of RPM opened at $128.92 on Thursday. The firm has a market capitalization of $16.60 billion, a PE ratio of 29.56, a P/E/G ratio of 1.84 and a beta of 1.00. RPM International has a 52-week low of $88.84 and a 52-week high of $129.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.32 and a current ratio of 1.97. The stock has a 50 day simple moving average of $118.25 and a 200 day simple moving average of $113.80.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. Sell-side analysts predict that RPM International will post 5.51 EPS for the current fiscal year.

Insider Activity

In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of RPM International during the 4th quarter worth $25,000. Rise Advisors LLC acquired a new position in RPM International during the first quarter worth about $38,000. Cambridge Trust Co. lifted its holdings in shares of 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 acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of RPM International during the 2nd quarter valued at approximately $45,000. 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.