RPM International (NYSE:RPM) Price Target Increased to $121.00 by Analysts at UBS Group

RPM International (NYSE:RPM) had its target price upped by UBS Group from $111.00 to $121.00 in a report released on Thursday morning, Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

RPM has been the subject of several other reports. BMO Capital Markets raised their price objective on shares of RPM International from $125.00 to $127.00 and gave the stock an outperform rating in a report on Tuesday, January 16th. Mizuho began coverage on shares of RPM International in a report on Friday, January 12th. They issued a buy rating and a $128.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $108.80.

RPM International Stock Down 0.1 %

NYSE:RPM traded down $0.13 on Thursday, hitting $115.56. The stock had a trading volume of 488,841 shares, compared to its average volume of 635,935. RPM International has a 1 year low of $78.52 and a 1 year high of $119.39. The firm’s fifty day simple moving average is $110.42 and its two-hundred day simple moving average is $103.98. The stock has a market cap of $14.89 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.45 and a current ratio of 2.33.

RPM International (NYSE:RPM) last released its earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.01). RPM International had a net margin of 7.15% and a return on equity of 26.71%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Analysts predict that RPM International will post 5.01 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.59%. The ex-dividend date was Thursday, January 18th. RPM International’s payout ratio is 45.10%.

Insider Buying and Selling at RPM International

In other RPM International news, VP Timothy R. Kinser sold 2,380 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the completion of the transaction, the vice president now directly owns 20,767 shares of the company’s stock, valued at approximately $2,222,069. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Frederick R. Nance sold 1,835 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the sale, the director now owns 8,180 shares in the company, valued at approximately $892,029. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy R. Kinser sold 2,380 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total transaction of $254,660.00. Following the sale, the vice president now owns 20,767 shares in the company, valued at approximately $2,222,069. The disclosure for this sale can be found here. Insiders sold a total of 10,215 shares of company stock valued at $1,112,547 in the last three months. Company insiders own 1.50% of the company’s stock.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of RPM International during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC raised its position in RPM International by 1,735.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 486 shares during the period. Covestor Ltd raised its position in RPM International by 274.8% in the 3rd quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 415 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in RPM International in the 1st quarter worth $56,000. Finally, GAMMA Investing LLC purchased a new position in RPM International in the 4th quarter worth $75,000. Hedge funds and other institutional investors own 78.86% of the company’s stock.

RPM International Company Profile

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.