Royal Bank Of Canada Upgrades RPM International (NYSE:RPM) to Outperform

RPM International (NYSE:RPM) was upgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $132.00 target price on the specialty chemicals company’s stock, up from their previous target price of $121.00. Royal Bank Of Canada’s price target would suggest a potential upside of 26.22% from the company’s current price.

Several other research analysts also recently weighed in on RPM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RPM International in a research note on Monday, December 1st. Evercore ISI reduced their price objective 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. UBS Group increased their price objective on shares of RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Finally, Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $129.00 in a research note on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.18.

RPM International Trading Up 2.0%

Shares of RPM International stock opened at $104.58 on Tuesday. The firm has a 50-day simple moving average of $108.63 and a two-hundred day simple moving average of $114.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $135.06. The company has a market cap of $13.41 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11.

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

Insider Buying and Selling

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the 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 completion of the sale, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

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

RPM International Company Profile

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.