UBS Group Boosts RPM International (NYSE:RPM) Price Target to $130.00

RPM International (NYSE:RPM) had its target price raised by UBS Group from $123.00 to $130.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other brokerages also recently weighed in on RPM. JPMorgan Chase & Co. increased their target price on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $131.00.

RPM International Price Performance

Shares of RPM opened at $125.40 on Thursday. The firm has a 50-day simple moving average of $133.65 and a two-hundred day simple moving average of $121.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. RPM International has a 1-year low of $100.82 and a 1-year high of $141.79. The stock has a market cap of $16.14 billion, a PE ratio of 26.29, a P/E/G ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. As a group, analysts forecast that RPM International will post 5.56 EPS for the current year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.63%. This is an increase from RPM International’s previous quarterly dividend of $0.46. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 3,156 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,083 shares of company stock valued at $1,443,549 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares during the period. Pacer Advisors Inc. boosted its holdings in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of RPM International by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after purchasing an additional 61,218 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after buying an additional 1,919 shares during the period. Finally, National Pension Service increased its position in shares of RPM International by 4.8% in the third quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after acquiring an additional 10,317 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

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.