RPM International (NYSE:RPM) Price Target Lowered to $108.00 at UBS Group

RPM International (NYSE:RPM) had its price objective reduced by UBS Group from $119.00 to $108.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

Several other brokerages have also issued reports on RPM. KeyCorp reissued a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RPM International in a report on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $117.00 to $115.00 in a research report on Friday, January 9th. Citigroup dropped their price target on shares of RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada upgraded shares of RPM International from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $121.00 to $132.00 in a research note on Tuesday, December 9th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.33.

RPM International Trading Down 2.7%

RPM International stock opened at $97.92 on Thursday. The business has a 50 day moving average price of $107.58 and a two-hundred day moving average price of $109.09. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. RPM International has a 12 month low of $92.92 and a 12 month high of $129.12. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.21). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.RPM International’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. As a group, equities analysts forecast that RPM International will post 5.5 EPS for the current year.

Insider Activity at RPM International

In other 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 sale, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Institutional investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC increased its holdings in shares of RPM International by 4.4% during the third quarter. Fairway Wealth LLC now owns 224,336 shares of the specialty chemicals company’s stock worth $26,445,000 after buying an additional 9,409 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after acquiring an additional 51,152 shares in the last quarter. Pacer Advisors Inc. grew its position in RPM International by 242.2% during the 3rd quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock worth $2,330,000 after acquiring an additional 13,992 shares during the last quarter. Quantbot Technologies LP bought a new stake in RPM International during the 2nd quarter worth approximately $2,791,000. Finally, Tredje AP fonden increased its holdings in RPM International by 90.4% during the 3rd quarter. Tredje AP fonden now owns 21,890 shares of the specialty chemicals company’s stock valued at $2,580,000 after purchasing an additional 10,393 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

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.