RPM International (NYSE:RPM) Upgraded at StockNews.com

RPM International (NYSE:RPM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

RPM has been the topic of several other reports. BMO Capital Markets restated an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Royal Bank of Canada boosted their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley lifted their price target on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $129.70.

RPM International Stock Down 0.4 %

Shares of RPM International stock traded down $0.52 during trading hours on Wednesday, reaching $134.46. The company’s stock had a trading volume of 570,894 shares, compared to its average volume of 633,089. The company has a market capitalization of $17.31 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.02 and a beta of 0.99. The stock’s fifty day simple moving average is $129.12 and its two-hundred day simple moving average is $118.49. RPM International has a one year low of $100.56 and a one year high of $138.26. 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 issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $1.64 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, research analysts forecast that RPM International will post 5.55 earnings per share for the current year.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of RPM International stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. The trade was a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,083 shares of company stock worth $1,443,549 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPM. Pacer Advisors Inc. raised its position in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of RPM International by 2,975.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after acquiring an additional 194,215 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RPM International by 5.8% during the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after purchasing an additional 145,070 shares in the last quarter. Bank of New York Mellon Corp raised its stake in RPM International by 4.3% in the second 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 in the last quarter. Finally, Forsta AP Fonden lifted its position in RPM International by 166.7% during the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after purchasing an additional 43,000 shares during the last quarter. 80.95% of the stock is currently 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.