RPM International (NYSE:RPM) Price Target Lowered to $126.00 at Deutsche Bank Aktiengesellschaft

RPM International (NYSE:RPM) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $138.00 to $126.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $117.00 to $115.00 in a research note on Friday. KeyCorp reissued a “sector weight” rating on shares of RPM International in a report on Friday. UBS Group lowered their price objective on RPM International from $127.00 to $119.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Evercore ISI decreased their target price on RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, Mizuho set a $120.00 target price on shares of RPM International in a research note on Thursday. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus price target of $126.75.

RPM International Stock Performance

Shares of RPM stock opened at $111.48 on Monday. RPM International has a one year low of $95.28 and a one year high of $129.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The firm has a 50-day moving average of $106.00 and a 200-day moving average of $113.62. The company has a market cap of $14.28 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.08 and a beta of 1.11.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. Equities research analysts forecast that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, January 16th. RPM International’s dividend payout ratio (DPR) is presently 41.62%.

Insider Transactions at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction dated 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 owned 21,578 shares in the company, valued at approximately $2,323,303.26. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently bought and sold shares of RPM. Versant Capital Management Inc raised its holdings in shares of RPM International by 48.6% during the third 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 in the last quarter. Lazard Asset Management LLC increased its position in RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after purchasing an additional 93 shares during the period. Archer Investment Corp raised its holdings in RPM International by 3.1% in the 3rd quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock worth $424,000 after purchasing an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of RPM International by 21.2% in the 3rd 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 boosted its stake in shares of RPM International by 19.3% during the 3rd quarter. Covestor Ltd now owns 784 shares of the specialty chemicals company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.