UBS Group Cuts RPM International (NYSE:RPM) Price Target to $119.00

RPM International (NYSE:RPM) had its price objective trimmed by UBS Group from $127.00 to $119.00 in a research note published on Thursday,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently issued reports on RPM. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Evercore ISI lowered their price objective on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a report on Monday, December 15th. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, Mizuho dropped their price target on shares of RPM International from $138.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.64.

RPM International Stock Performance

Shares of RPM International stock opened at $105.12 on Thursday. The company’s 50 day moving average price is $107.69 and its two-hundred day moving average price is $114.17. The firm has a market capitalization of $13.48 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.94 and a beta of 1.11. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $129.12. 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 (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.01. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

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

Insider Activity

In other news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the sale, the director directly owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Hedge funds have recently bought and sold shares of the company. Danske Bank A S bought a new stake in RPM International during the third quarter valued at $17,362,000. Boston Trust Walden Corp boosted its position in shares of RPM International by 18.1% during the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock valued at $66,076,000 after purchasing an additional 92,358 shares in the last quarter. California State Teachers Retirement System grew its stake in RPM International by 21.7% during the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after purchasing an additional 63,532 shares during the period. ABN Amro Investment Solutions bought a new stake in RPM International in the second quarter worth approximately $6,553,000. Finally, Ameriprise Financial Inc. increased its holdings in RPM International by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after purchasing an additional 33,016 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

About RPM International

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.