Posted by admin on May 11th, 2022
RPM International (NYSE:RPM – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Several other brokerages have also recently commented on RPM. BMO Capital Markets dropped their target price on shares of RPM International from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating and set a $85.00 price target on the stock. in a research report on Monday, March 28th. Wells Fargo & Company reduced their price target on RPM International from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 7th. Finally, TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $98.00.
RPM opened at $83.77 on Wednesday. The business’s 50-day moving average price is $83.29 and its two-hundred day moving average price is $88.61. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.45 and a quick ratio of 0.84. RPM International has a 1 year low of $75.11 and a 1 year high of $101.48. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 4.44 and a beta of 0.90.
RPM International (NYSE:RPM – Get Rating) last issued its quarterly earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.30 by $0.08. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that RPM International will post 3.69 earnings per share for the current fiscal year.
In other RPM International news, CAO Michael J. Laroche sold 1,476 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $83.55, for a total transaction of $123,319.80. Following the transaction, the chief accounting officer now owns 6,525 shares in the company, valued at $545,163.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Johnson Investment Counsel Inc. boosted its stake in shares of RPM International by 0.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 20,339 shares of the specialty chemicals company’s stock worth $1,579,000 after buying an additional 120 shares during the last quarter. Huntington National Bank grew its position in shares of RPM International by 0.8% during the 1st quarter. Huntington National Bank now owns 14,824 shares of the specialty chemicals company’s stock valued at $1,207,000 after acquiring an additional 123 shares during the period. CENTRAL TRUST Co grew its position in shares of RPM International by 10.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,374 shares of the specialty chemicals company’s stock valued at $139,000 after acquiring an additional 132 shares during the period. Transcend Capital Advisors LLC grew its position in shares of RPM International by 6.6% during the 1st quarter. Transcend Capital Advisors LLC now owns 3,246 shares of the specialty chemicals company’s stock valued at $264,000 after acquiring an additional 200 shares during the period. Finally, Tributary Capital Management LLC grew its position in shares of RPM International by 4.6% during the 4th quarter. Tributary Capital Management LLC now owns 6,145 shares of the specialty chemicals company’s stock valued at $621,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 79.96% of the company’s stock.
RPM International Company Profile (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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