RPM International (NYSE:RPM) Price Target Raised to $121.00

RPM International (NYSE:RPMFree Report) had its price target lifted by Morgan Stanley from $118.00 to $121.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the specialty chemicals company’s stock.

Several other equities analysts have also weighed in on RPM. BMO Capital Markets cut their price objective on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a report on Monday, January 12th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $117.00 to $115.00 in a report on Friday, January 9th. Finally, KeyCorp restated a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.58.

View Our Latest Analysis on RPM International

RPM International Price Performance

Shares of RPM stock opened at $109.18 on Thursday. RPM International has a 1 year low of $92.92 and a 1 year high of $129.12. The firm’s 50 day moving average is $107.08 and its 200-day moving average is $108.17. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.64 and a beta of 1.10. The company has a current ratio of 2.28, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81.

RPM International (NYSE:RPMGet Free Report) last announced its earnings results on Wednesday, April 8th. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.20. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.35 earnings per share. RPM International’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 16th. RPM International’s dividend payout ratio is presently 41.62%.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the sale, the vice president owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Several large investors have recently bought and sold shares of the company. Boston Trust Walden Corp increased its stake in RPM International by 8.5% in the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after purchasing an additional 51,152 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in RPM International in the fourth quarter valued at approximately $54,307,000. California State Teachers Retirement System increased its stake in RPM International by 14.5% in the fourth quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after purchasing an additional 49,979 shares in the last quarter. Ameriprise Financial Inc. increased its stake in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in RPM International by 1.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,678 shares of the specialty chemicals company’s stock valued at $28,843,000 after purchasing an additional 3,749 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Key RPM International News

Here are the key news stories impacting RPM International this week:

RPM International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for RPM International (NYSE:RPM)

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