RPM International (NYSE:RPM) Downgraded to Hold Rating by StockNews.com

RPM International (NYSE:RPM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

RPM has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price target on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada increased their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $129.70.

RPM International Stock Performance

Shares of RPM stock traded down $4.93 during trading on Wednesday, hitting $126.49. The company’s stock had a trading volume of 647,671 shares, compared to its average volume of 624,961. The business has a fifty day moving average of $133.77 and a 200-day moving average of $121.80. The company has a market cap of $16.28 billion, a PE ratio of 26.52, a P/E/G ratio of 1.98 and a beta of 1.00. RPM International has a 52 week low of $100.82 and a 52 week high of $141.79. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. As a group, research analysts anticipate that RPM International will post 5.56 earnings per share for the current year.

Insider Buying and Selling at RPM International

In other RPM International news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock valued at $1,443,549 in the last quarter. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently modified their holdings of RPM. Wilmington Savings Fund Society FSB purchased a new stake in RPM International in the third quarter worth about $1,295,000. Toronto Dominion Bank raised its position in shares of RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after acquiring an additional 4,062 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after purchasing an additional 145,070 shares during the period. LRI Investments LLC boosted its position in shares of RPM International by 12.4% during the third quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock valued at $297,000 after purchasing an additional 271 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of RPM International by 5.8% during the third quarter. Public Employees Retirement System of Ohio now owns 51,260 shares of the specialty chemicals company’s stock valued at $6,202,000 after purchasing an additional 2,794 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.