RPM International (NYSE:RPM) Price Target Lowered to $148.00 at BMO Capital Markets

RPM International (NYSE:RPM) had its price target lowered by BMO Capital Markets from $149.00 to $148.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 target price for the company in a report on Wednesday, March 4th. Zacks Research upgraded RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup lowered their target price on RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, December 18th. UBS Group upped their target price on RPM International from $108.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wall Street Zen upgraded RPM International from a “hold” rating to a “buy” rating in a report on Saturday. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, RPM International has an average rating of “Moderate Buy” and a consensus price target of $126.33.

RPM International Stock Up 0.1%

Shares of NYSE:RPM opened at $109.28 on Monday. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12. The stock has a market cap of $13.95 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10. The business’s 50 day moving average is $107.12 and its 200 day moving average is $108.05. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81.

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

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, April 16th. RPM International’s dividend payout ratio is currently 41.62%.

Insider Activity at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction on Wednesday, January 21st. The stock was 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 in the company, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently made changes to their positions in RPM. Root Financial Partners LLC purchased a new stake in shares of RPM International during the 3rd quarter valued at $30,000. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 90 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in RPM International in the 4th quarter worth $37,000. Rothschild Investment LLC raised its stake in RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 549 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in RPM International in the 4th quarter worth $60,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

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.