Morgan Stanley Cuts RPM International (NYSE:RPM) Price Target to $113.00

RPM International (NYSE:RPM) had its price target cut by Morgan Stanley from $125.00 to $113.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the specialty chemicals company’s stock.

RPM has been the subject of several other reports. Evercore ISI upgraded RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Mizuho lowered their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.10.

RPM International Price Performance

RPM stock opened at $104.48 on Wednesday. The company has a market cap of $13.43 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. 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 50-day moving average price of $117.06 and a two-hundred day moving average price of $125.27. RPM International has a 12-month low of $95.28 and a 12-month high of $141.79.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts predict that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.95%. RPM International’s dividend payout ratio (DPR) is presently 40.88%.

Hedge Funds Weigh In On RPM International

Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in RPM International by 145,300.0% during the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company’s stock valued at $336,000 after buying an additional 2,906 shares in the last quarter. Fiduciary Alliance LLC raised its position in shares of RPM International by 1.3% during the 1st quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company’s stock valued at $1,060,000 after acquiring an additional 116 shares in the last quarter. GAMMA Investing LLC lifted its stake in RPM International by 12,321.2% during the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock worth $31,367,000 after purchasing an additional 268,971 shares during the last quarter. California State Teachers Retirement System boosted its holdings in RPM International by 3.5% in the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company’s stock worth $36,617,000 after purchasing an additional 10,185 shares during the period. Finally, Putney Financial Group LLC bought a new stake in RPM International during the fourth quarter valued at $308,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

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.