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

RPM International (NYSE:RPM) had its price objective lowered by stock analysts at Mizuho from $138.00 to $128.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price suggests a potential upside of 18.51% from the stock’s previous close.

A number of other equities research analysts have also issued reports on RPM. Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a report on Monday. Evercore ISI dropped 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 report on Tuesday, November 11th. Bank of America raised shares of 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 research report on Tuesday, October 14th. Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $121.00 to $132.00 in a research note on Tuesday, December 9th. Finally, UBS Group upped their price objective on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, September 24th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.09.

RPM International Stock Up 1.0%

Shares of NYSE RPM opened at $108.01 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $13.85 billion, a PE ratio of 20.19, a P/E/G ratio of 1.97 and a beta of 1.11. The firm has a fifty day moving average of $107.89 and a 200-day moving average of $114.28. RPM International has a 52-week low of $95.28 and a 52-week high of $132.33.

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

Insiders Place Their Bets

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

Institutional Trading of RPM International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its holdings in shares of RPM International by 7.1% in the 3rd quarter. Captrust Financial Advisors now owns 17,685 shares of the specialty chemicals company’s stock worth $2,085,000 after purchasing an additional 1,166 shares during the last quarter. Danske Bank A S bought a new position in shares of RPM International during the third quarter worth about $17,362,000. Dark Forest Capital Management LP bought a new position in shares of RPM International during the third quarter worth about $2,180,000. One Capital Management LLC increased its holdings in shares of RPM International by 3.2% in the 3rd quarter. One Capital Management LLC now owns 119,666 shares of the specialty chemicals company’s stock worth $14,106,000 after acquiring an additional 3,752 shares during the period. Finally, Douglass Winthrop Advisors LLC bought a new stake in RPM International in the 3rd quarter valued at about $725,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

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.