RPM International (NYSE:RPM) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of RPM International (NYSE:RPM) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday, Marketbeat reports. They currently have $140.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $134.00.

RPM has been the topic of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 target price (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price objective on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

RPM International Price Performance

Shares of RPM International stock opened at $122.36 on Wednesday. The firm has a fifty day moving average price of $131.45 and a two-hundred day moving average price of $123.13. RPM International has a fifty-two week low of $103.63 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The company has a market cap of $15.75 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

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

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. RPM International’s payout ratio is 42.77%.

Insider Activity

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,927 shares of company stock valued at $1,037,214. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International in the second quarter valued at approximately $45,000. Forsta AP Fonden raised its stake in shares of RPM International by 13.2% during the 2nd quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock worth $2,778,000 after purchasing an additional 3,000 shares in the last quarter. Achmea Investment Management B.V. raised its stake in RPM International by 4.1% in the second quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock valued at $9,242,000 after buying an additional 3,363 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of RPM International in the second quarter valued at approximately $950,000. Finally, Hardin Capital Partners LLC bought a new position in shares of RPM International during the 2nd quarter worth approximately $363,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.