RPM International Inc. (NYSE:RPM)‘s stock had its “hold” rating restated by equities researchers at Royal Bank Of Canada in a note issued to investors on Wednesday. They currently have a $51.00 price target on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 0.89% from the stock’s previous close.
A number of other research firms have also weighed in on RPM. Bank of America Corporation cut their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. BidaskClub lowered shares of RPM International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. Finally, Robert W. Baird reissued a “hold” rating and set a $56.00 target price on shares of RPM International in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.33.
RPM International (RPM) opened at $51.46 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.38 and a current ratio of 2.16. RPM International has a fifty-two week low of $47.87 and a fifty-two week high of $56.48. The company has a market cap of $6,858.40, a price-to-earnings ratio of 20.22, a PEG ratio of 2.28 and a beta of 1.54.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. RPM International had a net margin of 8.69% and a return on equity of 30.71%. RPM International’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. sell-side analysts predict that RPM International will post 2.86 earnings per share for the current year.
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In other news, insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in RPM International by 18.5% in the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after acquiring an additional 21,513 shares during the period. Oregon Public Employees Retirement Fund increased its stake in RPM International by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 48,667 shares of the specialty chemicals company’s stock valued at $2,655,000 after acquiring an additional 2,071 shares during the period. LS Investment Advisors LLC increased its stake in RPM International by 16.4% in the second quarter. LS Investment Advisors LLC now owns 12,843 shares of the specialty chemicals company’s stock valued at $701,000 after acquiring an additional 1,805 shares during the period. Aperio Group LLC increased its stake in RPM International by 3.5% in the second quarter. Aperio Group LLC now owns 26,046 shares of the specialty chemicals company’s stock valued at $1,421,000 after acquiring an additional 881 shares during the period. Finally, BTIM Corp. bought a new stake in RPM International in the second quarter valued at about $8,197,000. 73.19% of the stock is owned by institutional investors and hedge funds.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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