RPM International (NYSE:RPM) Cut to “Hold” at Wall Street Zen

RPM International (NYSE:RPM) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of RPM International from $126.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Mizuho cut their price objective on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. UBS Group raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Bank of America decreased their target price on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, BMO Capital Markets lowered their target price on shares of RPM International from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.42.

RPM International Stock Down 0.0%

Shares of NYSE:RPM opened at $111.61 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.81. RPM International has a 52-week low of $92.92 and a 52-week high of $129.12. The stock’s fifty day simple moving average is $104.56 and its 200-day simple moving average is $106.37. The company has a market capitalization of $14.25 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.61 and a beta of 1.04.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, April 8th. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. RPM International had a return on equity of 22.55% and a net margin of 8.63%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, equities research analysts forecast that RPM International will post 5.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL acquired a new stake in RPM International during the second quarter worth about $402,000. Gabelli Funds LLC acquired a new position in shares of RPM International in the 2nd quarter valued at about $1,534,000. California State Teachers Retirement System lifted its stake in shares of RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after purchasing an additional 888 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of RPM International by 5.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock worth $1,321,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds 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.