RPM International Inc. (NYSE:RPM) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a report released on Wednesday.

A number of other research firms have also weighed in on RPM. BidaskClub raised RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed 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 reduced their target price on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 target price on shares of RPM International in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

RPM International (NYSE:RPM) traded up 0.17% during midday trading on Wednesday, reaching $51.63. 1,711,338 shares of the company traded hands. RPM International has a one year low of $46.25 and a one year high of $56.48. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 37.82 and a beta of 1.55. The firm has a 50-day moving average price of $49.99 and a 200-day moving average price of $52.51.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. Equities analysts predict that RPM International will post $2.87 EPS for the current fiscal year.

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In other 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 completion of the sale, the senior vice president now owns 92,549 shares in the company, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of RPM. Russell Investments Group Ltd. boosted its position in shares of RPM International by 38.8% during the 1st quarter. Russell Investments Group Ltd. now owns 26,586 shares of the specialty chemicals company’s stock valued at $1,462,000 after acquiring an additional 7,436 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of RPM International by 20.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock valued at $5,012,000 after acquiring an additional 15,740 shares during the last quarter. OppenheimerFunds Inc. boosted its position in shares of RPM International by 1.4% during the 1st quarter. OppenheimerFunds Inc. now owns 205,603 shares of the specialty chemicals company’s stock valued at $11,315,000 after acquiring an additional 2,825 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of RPM International by 18.5% during the 1st quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after acquiring an additional 21,513 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of RPM International by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock valued at $54,097,000 after acquiring an additional 82,981 shares during the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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).

Analyst Recommendations for RPM International (NYSE:RPM)

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