RPM International (NYSE:RPM) Stock Gets Price Target Trim from Deutsche Bank Aktiengesellschaft

RPM International (NYSE:RPM) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $126.00 to $115.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued research reports about the company. Citigroup lowered their target price on RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets raised their price target on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. UBS Group dropped their price objective on shares of RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, KeyCorp began coverage on shares of RPM International in a report on Friday, September 11th. They set an “overweight” rating and a $123.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85.

RPM International Price Performance

Shares of NYSE:RPM opened at $97.70 on Thursday. The company’s fifty day moving average is $104.94 and its two-hundred day moving average is $104.60. The company has a market cap of $12.46 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. RPM International has a 12-month low of $92.92 and a 12-month high of $121.78. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the firm posted $1.88 earnings per share. RPM International’s revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that RPM International will post 5.96 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This is a boost from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 annualized dividend and a yield of 2.3%. RPM International’s payout ratio is 40.00%.

Institutional Trading of RPM International

Several large investors have recently added to or reduced their stakes in RPM. GAMMA Investing LLC increased its stake in shares of RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after purchasing an additional 209 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of RPM International by 468.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock valued at $286,000 after purchasing an additional 2,389 shares during the last quarter. Steph & Co. bought a new stake in RPM International in the third quarter worth $83,000. Benedict Financial Advisors Inc. boosted its holdings in RPM International by 0.8% in the third quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock worth $2,529,000 after purchasing an additional 197 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in RPM International by 119.2% during the third quarter. Versant Capital Management Inc now owns 2,302 shares of the specialty chemicals company’s stock worth $227,000 after buying an additional 1,252 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International News Roundup

Here are the key news stories impacting RPM International this week:

• Positive Sentiment: RPM raised its quarterly dividend 5.6% to $0.57 per share, or $2.28 annually, representing a 2.3% yield. The dividend is payable October 30 to shareholders of record October 20, signaling continued confidence in cash generation. RPM International Boosts Dividend by 5.6%
• Positive Sentiment: Despite lowering its target from $123 to $117, KeyCorp maintained an “overweight” rating. Deutsche Bank also retained a “buy” rating after reducing its target from $126 to $115, leaving analysts’ targets well above the recent trading level. KeyCorp RPM International Price Target
• Positive Sentiment: Recent operating results provided support: RPM exceeded quarterly EPS estimates, revenue rose 4.8% year over year to $2.22 billion, and Evercore ISI and BMO Capital maintained buy-equivalent views. RPM Sales Rise 4.8%
• Neutral Sentiment: RPM announced the election of Jeffrey D. Rowe to its board of directors. The appointment may strengthen board expertise, but no immediate financial impact was disclosed. RPM Announces Election of Jeffrey D. Rowe
• Negative Sentiment: UBS, Citigroup and RBC also lowered their expectations or price targets for RPM. The cluster of revisions suggests analysts see more limited near-term upside or increased execution risk, likely weighing on sentiment even though several firms remain constructive. UBS RPM International Forecast

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.