RPM International (NYSE:RPM) Given New $140.00 Price Target at Mizuho

RPM International (NYSE:RPM) had its target price lowered by Mizuho from $150.00 to $140.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other research reports. Wells Fargo & Company raised shares of RPM International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $134.00 to $140.00 in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price target on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada raised their target price on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Performance

RPM stock opened at $122.36 on Wednesday. The stock’s 50 day simple moving average is $131.45 and its 200 day simple moving average is $123.13. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. RPM International has a 12-month low of $103.63 and a 12-month high of $141.79. The stock has a market capitalization of $15.75 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, research analysts forecast that RPM International will post 5.56 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Activity at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of RPM International during the 2nd quarter worth $45,000. Forsta AP Fonden grew its holdings in RPM International by 13.2% during the 2nd quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock worth $2,778,000 after acquiring an additional 3,000 shares in the last quarter. Achmea Investment Management B.V. increased its position in RPM International by 4.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock valued at $9,242,000 after purchasing an additional 3,363 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of RPM International in the 2nd quarter valued at about $950,000. Finally, Hardin Capital Partners LLC purchased a new stake in shares of RPM International in the 2nd quarter worth approximately $363,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.