RPM International (NYSE:RPM) Price Target Cut to $110.00 by Analysts at Robert W. Baird

RPM International (NYSE:RPM) had its price target trimmed by Robert W. Baird from $125.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

A number of other analysts also recently issued reports on RPM. JPMorgan Chase & Co. decreased their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Mizuho reduced their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, BMO Capital Markets decreased their price target on shares of RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and an average price target of $124.10.

RPM International Stock Down 4.2 %

Shares of RPM traded down $4.40 during midday trading on Wednesday, hitting $101.24. The company had a trading volume of 475,960 shares, compared to its average volume of 651,159. RPM International has a 1 year low of $95.28 and a 1 year high of $141.79. The firm has a market capitalization of $13.02 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The company’s 50-day simple moving average is $117.80 and its 200-day simple moving average is $125.53.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.02%. RPM International’s payout ratio is 40.32%.

Hedge Funds Weigh In On RPM International

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new stake in RPM International in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC lifted its holdings in shares of RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 155 shares in the last quarter. Fairway Wealth LLC grew its position in shares of RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 320 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.