RPM International (NYSE:RPM) Given New $127.00 Price Target at UBS Group

RPM International (NYSE:RPM) had its price objective raised by UBS Group from $126.00 to $127.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other brokerages also recently commented on RPM. Citigroup initiated coverage on RPM International in a research note on Monday, June 2nd. They set a “buy” rating and a $135.00 target price for the company. Wells Fargo & Company raised their price target on RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a “sector perform” rating in a report on Monday, July 28th. BMO Capital Markets raised their target price on shares of RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Morgan Stanley lifted their target price on shares of RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.82.

RPM International Stock Performance

Shares of RPM opened at $118.42 on Wednesday. The company has a market cap of $15.19 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.99 and a beta of 1.04. The firm has a 50-day moving average of $122.02 and a 200-day moving average of $114.85. RPM International has a one year low of $95.28 and a one year high of $141.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.16 and a quick ratio of 1.45.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.12. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $1.56 EPS. RPM International’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. RPM International’s dividend payout ratio is currently 38.13%.

Insider Buying and Selling

In other RPM International news, Director Frederick R. Nance sold 1,000 shares of RPM International stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares of the company’s stock, valued at $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in RPM International by 277.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 250 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 118 shares in the last quarter. Curio Wealth LLC increased its stake in RPM International by 65,900.0% in the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after acquiring an additional 659 shares during the last quarter. Farther Finance Advisors LLC increased its stake in RPM International by 82.1% in the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock valued at $89,000 after acquiring an additional 344 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in RPM International by 71.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

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.