RPM International Inc. (RPM) Receives Average Recommendation of “Hold” from Analysts
Shares of RPM International Inc. (NYSE:RPM) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $57.00.
A number of equities research analysts recently weighed in on RPM shares. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Bank of America Corporation dropped their price target on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. BidaskClub downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $49.00 price target on shares of RPM International in a research note on Tuesday, June 13th.
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RPM International (NYSE:RPM) traded up 0.61% on Friday, reaching $49.85. 1,447,717 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $49.69 and its 200 day moving average price is $52.82. RPM International has a 52-week low of $46.25 and a 52-week high of $56.48. The firm has a market capitalization of $6.66 billion, a PE ratio of 36.52 and a beta of 1.55.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.15). The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. On average, analysts predict that RPM International will post $2.88 EPS for the current fiscal year.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of RPM. State Street Corp increased its stake in RPM International by 4.1% in the first quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock valued at $359,572,000 after purchasing an additional 257,980 shares in the last quarter. North Point Portfolio Managers Corp OH acquired a new position in shares of RPM International in the second quarter valued at approximately $10,821,000. BTIM Corp. acquired a new position in shares of RPM International in the second quarter valued at approximately $8,197,000. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of RPM International by 28.9% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 667,874 shares of the specialty chemicals company’s stock valued at $36,433,000 after buying an additional 149,861 shares during the period. Finally, BB&T Securities LLC boosted its holdings in shares of RPM International by 320.5% in the first quarter. BB&T Securities LLC now owns 189,588 shares of the specialty chemicals company’s stock valued at $10,433,000 after buying an additional 144,500 shares during the period. 74.00% of the stock is owned by hedge funds and other institutional investors.
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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