RPM International Inc. (NYSE:RPM) Receives $127.25 Consensus Target Price from Analysts
by Michael Walen · The Markets DailyShares of RPM International Inc. (NYSE:RPM – Get Free Report) have been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $126.3333.
A number of analysts have commented on the stock. Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, March 4th. BMO Capital Markets lowered their price objective on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised shares of RPM International from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $117.00 to $115.00 in a report on Friday, January 9th. UBS Group lowered their price target on RPM International from $119.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research note on Friday, March 27th.
Get Our Latest Research Report on RPM
Insider Buying and Selling at RPM International
In related news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On RPM International
Large investors have recently modified their holdings of the stock. Boston Trust Walden Corp raised its holdings in RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after acquiring an additional 51,152 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of RPM International in the fourth quarter valued at approximately $54,307,000. California State Teachers Retirement System increased its stake in shares of RPM International by 14.5% during the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock worth $41,065,000 after purchasing an additional 49,979 shares during the period. Ameriprise Financial Inc. increased its stake in shares of RPM International by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 888 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in RPM International by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock worth $30,696,000 after purchasing an additional 1,076 shares during the last quarter. 80.95% of the stock is owned by institutional investors.
RPM International Stock Down 2.7%
RPM stock opened at $97.92 on Tuesday. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 2.45 and a beta of 1.10. RPM International has a twelve month low of $92.92 and a twelve month high of $129.12. The business has a 50 day moving average price of $107.58 and a two-hundred day moving average price of $109.09. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80.
RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts anticipate that RPM International will post 5.5 EPS for the current fiscal year.
About RPM International
RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.
The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.