RPM International (NYSE:RPM) Rating Reiterated by BMO Capital Markets

RPM International (NYSE:RPM)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $149.00 target price on the specialty chemicals company’s stock, up from their prior target price of $139.00. BMO Capital Markets’ target price indicates a potential upside of 15.58% from the company’s current price.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday. Mizuho lowered their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Wells Fargo & Company lifted their price target on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Hold” and a consensus price target of $126.91.

RPM International Trading Up 1.3 %

NYSE:RPM opened at $128.92 on Thursday. RPM International has a 12 month low of $88.84 and a 12 month high of $129.91. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.84 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $118.25 and its 200-day moving average is $113.80.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Equities analysts anticipate that RPM International will post 5.51 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RPM. V Square Quantitative Management LLC bought a new position in shares of RPM International in the fourth quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of RPM International in the first quarter valued at about $38,000. Cambridge Trust Co. raised 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 valued at $40,000 after buying an additional 246 shares during the last quarter. Versant Capital Management Inc raised its holdings in RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 318 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in RPM International during the 2nd quarter worth about $45,000. 80.95% of the stock is 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.