RPM International (RPM) Stock Rating Upgraded by Vertical Research

RPM International (NYSE:RPM) was upgraded by Vertical Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the company. TheStreet upgraded RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and set a $51.00 target price on shares of RPM International in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. RPM International currently has a consensus rating of “Hold” and a consensus price target of $57.67.

Shares of RPM International (NYSE:RPM) traded up $0.38 during mid-day trading on Wednesday, hitting $49.76. The stock had a trading volume of 287,951 shares, compared to its average volume of 1,199,937. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $6,533.59, a PE ratio of 19.22, a PEG ratio of 1.75 and a beta of 1.46. RPM International has a 12 month low of $46.80 and a 12 month high of $56.69.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.59 by $0.11. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. equities research analysts forecast that RPM International will post 3.02 earnings per share for the current year.

In other news, SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total transaction of $138,670.62. Following the transaction, the senior vice president now owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the transaction, the chairman now directly owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of RPM International by 2.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,703,462 shares of the specialty chemicals company’s stock valued at $89,295,000 after acquiring an additional 45,811 shares during the period. TimesSquare Capital Management LLC lifted its stake in shares of RPM International by 20.2% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,350,600 shares of the specialty chemicals company’s stock valued at $70,798,000 after acquiring an additional 227,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of RPM International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,051,576 shares of the specialty chemicals company’s stock valued at $55,123,000 after acquiring an additional 12,367 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of RPM International by 9.5% during the second quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock valued at $54,950,000 after acquiring an additional 87,679 shares during the period. Finally, Mawer Investment Management Ltd. lifted its stake in shares of RPM International by 0.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 975,858 shares of the specialty chemicals company’s stock valued at $51,154,000 after acquiring an additional 8,100 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

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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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