Mizuho Cuts RPM International (NYSE:RPM) Price Target to $128.00

RPM International (NYSE:RPM) had its target price decreased by Mizuho from $138.00 to $128.00 in a research report released on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities analysts have also recently weighed in on RPM. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Evercore ISI lowered their target price on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. UBS Group boosted their price target on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RPM International in a research report on Monday, December 15th. Finally, Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $121.00 to $132.00 in a research report on Tuesday, December 9th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $128.64.

RPM International Stock Performance

NYSE:RPM opened at $105.12 on Thursday. The company’s 50-day moving average is $107.69 and its two-hundred day moving average is $114.17. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International has a 1-year low of $95.28 and a 1-year high of $129.12.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.84 EPS. Analysts forecast that RPM International will post 5.5 EPS for the current year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.1%. This is a positive change from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. RPM International’s payout ratio is presently 40.37%.

Insiders Place Their Bets

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director owned 21,578 shares in the company, valued at $2,323,303.26. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi lifted its stake in RPM International by 2.3% in the first quarter. Amundi now owns 169,954 shares of the specialty chemicals company’s stock worth $19,135,000 after acquiring an additional 3,788 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of RPM International in the 1st quarter valued at $948,000. Quantbot Technologies LP purchased a new stake in shares of RPM International during the 2nd quarter worth $2,791,000. SG Americas Securities LLC lifted its position in shares of RPM International by 105.9% during the 2nd quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock worth $1,155,000 after purchasing an additional 5,406 shares during the last quarter. Finally, Archer Investment Corp grew its stake in shares of RPM International by 203.7% during the second quarter. Archer Investment Corp now owns 3,490 shares of the specialty chemicals company’s stock worth $383,000 after purchasing an additional 2,341 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.