RPM International (NYSE:RPM) Price Target Lowered to $111.00 at Mizuho

RPM International (NYSE:RPM) had its price objective reduced by Mizuho from $120.00 to $111.00 in a research note released on Monday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities analysts have also commented on the company. UBS Group cut their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Zacks Research cut RPM International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a research report on Monday, December 29th. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Finally, Citigroup decreased their price objective on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.25.

RPM International Trading Up 3.5%

Shares of RPM stock opened at $96.52 on Monday. RPM International has a 12-month low of $92.92 and a 12-month high of $129.12. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $109.62 and a 200-day moving average of $110.44. The firm has a market cap of $12.36 billion, a P/E ratio of 18.60, a PEG ratio of 2.27 and a beta of 1.09.

RPM International (NYSE:RPM) last released its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business’s quarterly revenue 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. Sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.54 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.2%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Insider Activity at RPM International

In related news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction on 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 directly owned 21,248 shares in the company, valued at $2,343,866.88. This represents a 13.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab purchased a new position in RPM International during the fourth quarter valued at $54,307,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of RPM International in the 4th quarter worth about $16,175,000. Danske Bank A S bought a new position in shares of RPM International in the 3rd quarter worth about $17,362,000. River Road Asset Management LLC bought a new position in shares of RPM International in the 4th quarter worth about $6,658,000. Finally, California State Teachers Retirement System lifted its position 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 during the period. 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.