RPM International (NYSE:RPM) Upgraded at Zacks Research

Zacks Research upgraded shares of RPM International (NYSE:RPMFree Report) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks.com reports.

RPM has been the subject of a number of other research reports. UBS Group boosted their target price on shares of RPM International from $108.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday. KeyCorp reissued a “sector weight” rating on shares of RPM International in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of RPM International in a research note on Friday, March 27th. Finally, Mizuho cut their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.58.

Read Our Latest Analysis on RPM International

RPM International Stock Down 1.6%

RPM stock opened at $109.18 on Thursday. The stock has a market capitalization of $13.93 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.64 and a beta of 1.10. The firm has a 50-day simple moving average of $107.08 and a 200-day simple moving average of $108.17. The company has a quick ratio of 1.45, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International has a 52 week low of $92.92 and a 52 week high of $129.12.

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

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid 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 is Thursday, April 16th. RPM International’s dividend payout ratio is currently 41.62%.

Insider Transactions at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several large investors have recently bought and sold shares of RPM. Gamco Investors INC. ET AL purchased a new stake in RPM International during the 2nd quarter valued at about $402,000. Gabelli Funds LLC purchased a new stake in RPM International during the 2nd quarter valued at about $1,534,000. California State Teachers Retirement System grew its stake in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after acquiring an additional 63,532 shares in the last quarter. Ameriprise Financial Inc. grew its stake in RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after acquiring an additional 888 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in RPM International by 5.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock valued at $1,321,000 after acquiring an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International News Summary

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

About RPM International

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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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