RPM International (NYSE:RPM) Given New $119.00 Price Target at UBS Group

RPM International (NYSE:RPM) had its price target decreased by UBS Group from $127.00 to $119.00 in a research report released on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other research reports. Mizuho decreased their price target on shares of RPM International from $138.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Monday. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $129.00 in a research report on Tuesday, October 14th. Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $121.00 to $132.00 in a research note on Tuesday, December 9th. Finally, Evercore ISI reduced their price target on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.64.

RPM International Stock Down 1.2%

RPM stock opened at $106.86 on Thursday. RPM International has a 1-year low of $95.28 and a 1-year high of $129.12. The business’s 50 day simple moving average is $107.81 and its 200 day simple moving average is $114.23. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $13.70 billion, a PE ratio of 19.97, a PEG ratio of 1.99 and a beta of 1.11.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that RPM International will post 5.5 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a dividend of $0.54 per share. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. RPM International’s dividend payout ratio is 40.37%.

Insiders Place Their Bets

In other news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the sale, the director directly owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently bought and sold shares of RPM. Captrust Financial Advisors increased its holdings in RPM International by 7.1% in the 3rd quarter. Captrust Financial Advisors now owns 17,685 shares of the specialty chemicals company’s stock valued at $2,085,000 after buying an additional 1,166 shares during the period. Danske Bank A S acquired a new position in RPM International during the third quarter valued at approximately $17,362,000. Dark Forest Capital Management LP acquired a new stake in shares of RPM International in the 3rd quarter valued at $2,180,000. One Capital Management LLC increased its stake in shares of RPM International by 3.2% in the 3rd quarter. One Capital Management LLC now owns 119,666 shares of the specialty chemicals company’s stock valued at $14,106,000 after purchasing an additional 3,752 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of RPM International in the 3rd quarter valued at $725,000. 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.