RPM International (NYSE:RPM) Price Target Raised to $130.00 at Royal Bank Of Canada

RPM International (NYSE:RPM) had its price objective increased by Royal Bank Of Canada from $126.00 to $130.00 in a research note published on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the specialty chemicals company’s stock.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a report on Monday, January 12th. Bank of America lowered their price target on shares of RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $115.00 in a report on Friday, January 9th. UBS Group upped their price target on shares of RPM International from $108.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Robert W. Baird upgraded shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target on the stock in a report on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.33.

RPM International Stock Up 0.1%

Shares of NYSE:RPM opened at $109.28 on Monday. The company has a fifty day moving average of $107.12 and a 200-day moving average of $108.05. The company has a market capitalization of $13.95 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.44 and a current ratio of 2.28. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12.

RPM International (NYSE:RPM) last announced its quarterly earnings results 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. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. RPM International had a net margin of 8.63% and a return on equity of 22.55%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts predict that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

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

Insiders Place Their Bets

In related news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction 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 transaction, the vice president owned 21,248 shares in the company, valued at $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of RPM. Root Financial Partners LLC acquired a new position in shares of RPM International during the third quarter valued at about $30,000. 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 purchasing an additional 90 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of RPM International during the fourth quarter valued at about $37,000. Rothschild Investment LLC raised its holdings in shares of RPM International by 2,387.0% during the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of RPM International during the fourth quarter valued at about $60,000. Institutional investors and hedge funds 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.