RPM International (NYSE:RPM) Price Target Lowered to $128.00 at Mizuho

RPM International (NYSE:RPM) had its price target decreased by Mizuho from $138.00 to $128.00 in a research note published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other reports. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Evercore ISI lowered their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a research note on Monday. UBS Group lifted their price target on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $121.00 to $132.00 in a research note on Tuesday, December 9th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.64.

RPM International Stock Performance

RPM opened at $106.86 on Thursday. The business’s 50-day simple moving average is $107.81 and its 200 day simple moving average is $114.23. RPM International has a 52-week low of $95.28 and a 52-week high of $129.12. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. 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 posted its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

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

Insider Buying and Selling

In other RPM International 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 value of $40,376.25. Following the transaction, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. This represents a 1.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPM. Versant Capital Management Inc lifted its position in shares of RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 90 shares during the period. Lazard Asset Management LLC increased its position in shares of RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock worth $184,000 after purchasing an additional 93 shares during the period. Archer Investment Corp raised its stake in RPM International by 3.1% in the third quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock valued at $424,000 after purchasing an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in RPM International by 21.2% during the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 108 shares during the period. Finally, Covestor Ltd lifted its position in RPM International by 19.3% during the third quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock worth $92,000 after purchasing an additional 127 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

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.