RPM International (NYSE:RPM) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Other equities research analysts have also issued reports about the stock. UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Evercore ISI upgraded shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Mizuho dropped their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Down 1.0 %

Shares of NYSE:RPM opened at $121.73 on Tuesday. RPM International has a 12-month low of $103.68 and a 12-month high of $141.79. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $123.84 and a two-hundred day simple moving average of $126.06. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.97 and a beta of 1.01.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. On average, research analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. RPM International’s dividend payout ratio is 40.32%.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently made changes to their positions in RPM. Nisa Investment Advisors LLC raised its stake in shares of RPM International by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company’s stock valued at $4,164,000 after acquiring an additional 12,470 shares in the last quarter. New York State Teachers Retirement System lifted its position in RPM International by 0.5% during the third quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company’s stock valued at $18,258,000 after acquiring an additional 754 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. Janney Montgomery Scott LLC raised its position in RPM International by 2.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 87,967 shares of the specialty chemicals company’s stock worth $10,644,000 after buying an additional 2,321 shares during the last quarter. Finally, National Pension Service lifted its position in RPM International by 4.8% during the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock valued at $27,130,000 after purchasing an additional 10,317 shares during the period. 80.95% of the stock is currently 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.