RPM International Inc. (RPM) Given Average Recommendation of “Hold” by Brokerages
Shares of RPM International Inc. (NYSE:RPM) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $57.00.
RPM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, June 7th. BidaskClub upgraded RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. Bank of America Corporation decreased their target price on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Finally, Robert W. Baird restated a “hold” rating and set a $56.00 target price on shares of RPM International in a research report on Friday, September 1st.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now directly owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC lifted its stake in RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 57 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,520 shares during the period. DF Dent & Co. Inc. boosted its holdings in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of RPM International by 52.1% in the second quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock valued at $374,000 after buying an additional 2,352 shares during the period. Finally, Airain ltd boosted its holdings in shares of RPM International by 40.6% in the second quarter. Airain ltd now owns 7,524 shares of the specialty chemicals company’s stock valued at $410,000 after buying an additional 2,172 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.
RPM International (NYSE RPM) traded down 1.78% during mid-day trading on Wednesday, reaching $51.98. 1,950,689 shares of the company’s stock were exchanged. The stock has a market cap of $6.95 billion, a P/E ratio of 38.08 and a beta of 1.55. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The stock has a 50-day moving average price of $49.85 and a 200-day moving average price of $52.52.
RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.83 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that RPM International will post $2.88 earnings per share for the current year.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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