RPM International (NYSE:RPM) Given New $110.00 Price Target at Robert W. Baird

RPM International (NYSE:RPM) had its price objective cut by Robert W. Baird from $125.00 to $110.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

RPM has been the topic of a number of other research reports. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. Mizuho lowered their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley cut their price objective on RPM International from $125.00 to $113.00 and set an “equal weight” rating on the stock in a report on Wednesday. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $124.10.

RPM International Trading Down 4.2 %

NYSE RPM traded down $4.40 during mid-day trading on Wednesday, reaching $101.24. 475,960 shares of the stock were exchanged, compared to its average volume of 651,159. The stock has a market capitalization of $13.02 billion, a PE ratio of 20.00, a PEG ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International has a 1-year low of $95.28 and a 1-year high of $141.79. The business’s fifty day simple moving average is $117.80 and its 200 day simple moving average is $125.53.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. On average, research analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is 40.32%.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in RPM. EverSource Wealth Advisors LLC raised its holdings in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of RPM International in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC grew its stake in RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 155 shares in the last quarter. Fairway Wealth LLC increased its holdings in RPM International by 829.8% in the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in RPM International by 148.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 320 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

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.