RPM International (NYSE:RPM) Price Target Raised to $140.00 at Deutsche Bank Aktiengesellschaft

by · The Cerbat Gem

RPM International (NYSE:RPM – Free Report) had its price objective upped by Deutsche Bank Aktiengesellschaft from $132.00 to $140.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other research firms have also recently commented on RPM. Vertical Research raised shares of RPM International from a hold rating to a buy rating and set a $126.00 target price on the stock in a research report on Tuesday, July 16th. Wells Fargo & Company lifted their price target on RPM International from $110.00 to $125.00 and gave the stock an equal weight rating in a report on Friday, July 26th. StockNews.com upgraded RPM International from a hold rating to a buy rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. lifted their target price on RPM International from $120.00 to $126.00 and gave the stock a neutral rating in a research note on Thursday. Finally, UBS Group reduced their price target on shares of RPM International from $122.00 to $117.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $129.70.

View Our Latest Stock Report on RPM International

RPM International Stock Performance

Shares of RPM International stock opened at $128.91 on Thursday. The company has a market cap of $16.60 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. RPM International has a 52 week low of $88.84 and a 52 week high of $129.91. The business has a 50 day moving average price of $118.48 and a 200-day moving average price of $113.87.

RPM International (NYSE:RPM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $1.64 EPS. The business’s revenue was down 2.1% on a year-over-year basis. Equities analysts anticipate that RPM International will post 5.49 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a $0.51 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the sale, the chief executive officer now directly owns 1,039,040 shares in the company, valued at $120,590,982.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its position in shares of RPM International by 6.7% during the 4th quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after purchasing an additional 15,084 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in RPM International by 73.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 2,910 shares during the period. V Square Quantitative Management LLC purchased a new position in RPM International during the fourth quarter worth about $25,000. HighPoint Advisor Group LLC purchased a new position in RPM International during the fourth quarter worth about $630,000. Finally, Symmetry Partners LLC increased its stake in RPM International by 3.9% in the 1st quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company’s stock worth $639,000 after acquiring an additional 200 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About RPM International

(Get Free Report)

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.

Recommended Stories