Deutsche Bank Aktiengesellschaft Cuts RPM International (NYSE:RPM) Price Target to $126.00

RPM International (NYSE:RPM) had its price target reduced by Deutsche Bank Aktiengesellschaft from $138.00 to $126.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities analysts have also issued reports on the stock. Royal Bank Of Canada upgraded shares of RPM International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $121.00 to $132.00 in a report on Tuesday, December 9th. UBS Group lowered their price objective on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Mizuho set a $120.00 target price on RPM International in a report on Thursday, January 8th. Morgan Stanley restated a “buy” rating on shares of RPM International in a report on Thursday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and a consensus target price of $126.75.

RPM International Stock Performance

Shares of RPM International stock opened at $111.11 on Monday. RPM International has a 12 month low of $95.28 and a 12 month high of $129.12. The firm has a market capitalization of $14.23 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.66 and a beta of 1.11. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $106.14 and a two-hundred day simple moving average of $113.60.

RPM International (NYSE:RPM) last released its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s quarterly revenue was up 3.5% 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, January 16th. RPM International’s dividend payout ratio is presently 41.62%.

Insider Buying and Selling

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 shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the transaction, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pensionfund Sabic purchased a new stake in RPM International in the fourth quarter worth approximately $978,000. SG Americas Securities LLC boosted its stake in shares of RPM International by 1,863.4% in the 4th quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock worth $4,707,000 after buying an additional 42,952 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of RPM International in the fourth quarter worth $163,000. Captrust Financial Advisors grew its holdings in shares of RPM International by 7.1% in the third quarter. Captrust Financial Advisors now owns 17,685 shares of the specialty chemicals company’s stock worth $2,085,000 after acquiring an additional 1,166 shares during the period. Finally, Danske Bank A S purchased a new stake in RPM International during the third quarter valued at $17,362,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.