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

StockNews.com cut shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Several other research firms also recently issued reports on RPM. Morgan Stanley upped their price target on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $131.00.

RPM International Stock Down 0.1 %

Shares of RPM International stock opened at $125.29 on Wednesday. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.98 and a beta of 1.00. The stock has a 50-day simple moving average of $133.65 and a 200-day simple moving average of $121.83. RPM International has a 52-week low of $100.82 and a 52-week high of $141.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48.

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

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a dividend of $0.51 per share. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.63%. RPM International’s payout ratio is presently 42.77%.

Insider Activity

In other news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were 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 directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. LRI Investments LLC lifted its holdings in shares of RPM International by 397.9% during the second quarter. LRI Investments LLC now owns 2,181 shares of the specialty chemicals company’s stock valued at $235,000 after acquiring an additional 1,743 shares during the period. Bank of New York Mellon Corp lifted its holdings in RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after purchasing an additional 61,218 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in RPM International by 1,542.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,117 shares of the specialty chemicals company’s stock valued at $120,000 after buying an additional 1,049 shares in the last quarter. Whittier Trust Co. grew its stake in RPM International by 5.1% during the second quarter. Whittier Trust Co. now owns 41,621 shares of the specialty chemicals company’s stock worth $4,482,000 after buying an additional 2,016 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of RPM International by 3.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,928 shares of the specialty chemicals company’s stock worth $2,253,000 after buying an additional 792 shares in the last quarter. 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.