RPM International (NYSE:RPM) Price Target Lowered to $124.00 at JPMorgan Chase & Co.

RPM International (NYSE:RPM) had its price objective trimmed by JPMorgan Chase & Co. from $126.00 to $124.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other reports. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a report on Monday. Mizuho reduced their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada upped their price objective 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. 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, UBS Group raised their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.00.

RPM International Stock Up 0.5 %

NYSE:RPM opened at $122.36 on Wednesday. The company has a market cap of $15.75 billion, a PE ratio of 25.65, a P/E/G ratio of 1.98 and a beta of 1.02. The firm’s 50 day simple moving average is $131.45 and its 200 day simple moving average is $123.13. 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 has a one year low of $103.63 and a one year high of $141.79.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company earned $1.22 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts anticipate that RPM International will post 5.56 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Buying and Selling

In other news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,927 shares of company stock valued at $1,037,214. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in RPM. Wilmington Savings Fund Society FSB bought a new stake in RPM International during the third quarter valued at approximately $1,295,000. Christopher J. Hasenberg Inc bought a new stake in shares of RPM International during the 3rd quarter worth $35,000. National Pension Service lifted its holdings in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after acquiring an additional 10,317 shares during the last quarter. One Capital Management LLC grew its position in RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after acquiring an additional 20,556 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new position in RPM International in the second quarter valued at $363,000. 80.95% of the stock is currently 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.