Mizuho Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price target cut by investment analysts at Mizuho from $120.00 to $111.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price points to a potential upside of 15.38% from the stock’s current price.

Several other brokerages also recently commented on RPM. Deutsche Bank Aktiengesellschaft decreased their target price on shares of RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Royal Bank Of Canada raised shares of RPM International from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Citigroup decreased their price objective on shares of RPM International from $136.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, December 18th. Robert W. Baird raised shares of RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective for the company in a research note on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of RPM International in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.25.

RPM International Trading Down 0.2%

Shares of RPM stock opened at $96.20 on Monday. The business has a 50-day moving average of $109.32 and a 200 day moving average of $110.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. RPM International has a 1-year low of $92.92 and a 1-year high of $129.12. The stock has a market capitalization of $12.32 billion, a PE ratio of 18.54, a P/E/G ratio of 2.34 and a beta of 1.09.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.RPM International’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. As a group, sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Several hedge funds and other institutional investors have recently modified their holdings of RPM. Root Financial Partners LLC purchased a new stake in RPM International in the third quarter worth about $30,000. Versant Capital Management Inc grew its holdings in shares of RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 90 shares during the period. Ares Financial Consulting LLC purchased a new position in shares of RPM International during the 4th quarter worth approximately $37,000. Rothschild Investment LLC raised its position in shares of RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock worth $59,000 after acquiring an additional 549 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of RPM International in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.