Zacks Investment Research downgraded shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a report published on Thursday.
According to Zacks, “RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. The three segments of RPM are Consumer, Industrial, and Specialty segments. RPM’s Industrial Products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, Nullifire, Carboline, Flowcrete, Euclid Chemical, RPM Belgium and Vandex. RPM’s Consumer Products are used by professionals for home maintenance and improvement. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane, Touch ‘n Foam, and Testors. RPM’s Specialty Products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Chemspec, Dryvit, Mantrose-Haeuser, Legend Brands, Guardian, Kop-Coat and TCI. “
Other equities analysts have also issued research reports about the stock. Vertical Research raised shares of RPM International from a hold rating to a buy rating in a research report on Wednesday, February 14th. TheStreet raised shares of RPM International from a c+ rating to a b- rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $56.80.
Shares of RPM International (NYSE RPM) traded up $0.90 on Thursday, reaching $52.34. 251,850 shares of the company traded hands, compared to its average volume of 1,085,133. The company has a market capitalization of $6,866.42, a price-to-earnings ratio of 20.13, a PEG ratio of 1.84 and a beta of 1.45. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. RPM International has a 52-week low of $46.80 and a 52-week high of $56.69.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. research analysts expect that RPM International will post 3.02 EPS for the current year.
In other news, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the transaction, the senior vice president now owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the transaction, the chairman now directly owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of RPM International by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,703,462 shares of the specialty chemicals company’s stock valued at $89,295,000 after purchasing an additional 45,811 shares during the period. TimesSquare Capital Management LLC raised its position in shares of RPM International by 20.2% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,350,600 shares of the specialty chemicals company’s stock valued at $70,798,000 after purchasing an additional 227,000 shares during the period. Geode Capital Management LLC raised its position in shares of RPM International by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,051,576 shares of the specialty chemicals company’s stock valued at $55,123,000 after purchasing an additional 12,367 shares during the period. Mawer Investment Management Ltd. raised its position in shares of RPM International by 0.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 975,858 shares of the specialty chemicals company’s stock valued at $51,154,000 after purchasing an additional 8,100 shares during the period. Finally, Empire Life Investments Inc. raised its position in shares of RPM International by 0.6% in the fourth quarter. Empire Life Investments Inc. now owns 574,178 shares of the specialty chemicals company’s stock valued at $30,098,000 after purchasing an additional 3,602 shares during the period. 75.15% of the stock is currently owned by institutional investors.
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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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