RPM International (NYSE:RPM – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Several other equities analysts have also commented on RPM. Vertical Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Tuesday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Finally, 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 report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $129.70.
Check Out Our Latest Analysis on RPM International
RPM International Stock Up 1.4 %
RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. On average, research analysts expect that RPM International will post 5.55 earnings per share for the current year.
Insiders Place Their Bets
In other news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the sale, the vice president now owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,866,890.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,691 shares of company stock worth $7,202,419. Company insiders own 1.50% of the company’s stock.
Institutional Trading of RPM International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of RPM International in the fourth quarter valued at about $25,000. HighPoint Advisor Group LLC purchased a new position in RPM International during the fourth quarter worth about $630,000. Symmetry Partners LLC raised its holdings in RPM International by 3.9% during the first quarter. Symmetry Partners LLC now owns 5,373 shares of the specialty chemicals company’s stock worth $639,000 after purchasing an additional 200 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in RPM International by 3.0% during the first quarter. Los Angeles Capital Management LLC now owns 3,833 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 110 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in RPM International by 14.3% during the first quarter. GAMMA Investing LLC now owns 808 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.
About RPM International
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.
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