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

RPM International (NYSE:RPM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also issued reports on the stock. Mizuho dropped their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upped their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday, July 16th. UBS Group cut their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Company increased their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $129.70.

RPM International Stock Down 0.5 %

NYSE RPM traded down $0.68 on Friday, reaching $126.43. The company had a trading volume of 392,803 shares, compared to its average volume of 635,837. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. The company’s fifty day moving average is $124.28 and its 200-day moving average is $116.01. RPM International has a 1-year low of $93.15 and a 1-year high of $134.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

RPM International (NYSE:RPM) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 earnings per share. On average, research analysts forecast that RPM International will post 5.55 earnings per share for the current fiscal year.

Insider Activity at RPM International

In other news, VP Tracy D. Crandall sold 3,718 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares in the company, valued at approximately $2,727,311.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,957 shares of company stock worth $7,528,522 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several large investors have recently made changes to their positions in RPM. Pacer Advisors Inc. grew its position in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after buying an additional 1,930,072 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 acquiring an additional 61,218 shares during the period. Forsta AP Fonden increased its stake in shares of RPM International by 166.7% during the 3rd quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after purchasing an additional 43,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of RPM International by 61.6% in the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock worth $11,903,000 after purchasing an additional 38,135 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in RPM International in the second quarter valued at approximately $3,676,000. 80.95% of the stock is owned by hedge funds and other 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.