RPM International (NYSE:RPM) Downgraded by StockNews.com to Hold

RPM International (NYSE:RPM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other analysts also recently weighed in on the company. Morgan Stanley increased their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, RPM International has an average rating of “Hold” and a consensus price target of $129.70.

RPM International Trading Down 3.8 %

RPM International stock traded down $4.93 during trading hours on Wednesday, hitting $126.49. The stock had a trading volume of 647,671 shares, compared to its average volume of 624,961. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $133.77 and its 200-day simple moving average is $121.80. RPM International has a one year low of $100.82 and a one year high of $141.79.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $1.64 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict that RPM International will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This trade represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock valued at $1,443,549 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of RPM. Geode Capital Management LLC lifted its stake in shares of RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares in the last quarter. Pacer Advisors Inc. lifted its position in RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after acquiring an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after purchasing an additional 61,218 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock valued at $29,228,000 after purchasing an additional 1,919 shares during the last quarter. Finally, National Pension Service increased its holdings in RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

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.