RPM International (NYSE:RPM) Price Target Lowered to $108.00 at UBS Group

RPM International (NYSE:RPM) had its price target cut by equities researchers at UBS Group from $119.00 to $108.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target would indicate a potential upside of 10.19% from the stock’s previous close.

A number of other research analysts have also issued reports on RPM. Mizuho decreased their target price on shares of RPM International from $120.00 to $111.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. BMO Capital Markets dropped their price target on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Robert W. Baird upgraded RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price target for the company in a research note on Wednesday, March 4th. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.33.

RPM International Stock Performance

RPM stock traded down $2.62 during trading hours on Thursday, hitting $98.01. 528,820 shares of the stock were exchanged, compared to its average volume of 1,077,732. RPM International has a 12 month low of $92.92 and a 12 month high of $129.12. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $12.55 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.42 and a beta of 1.10. The company has a 50-day simple moving average of $107.85 and a two-hundred day simple moving average of $109.17.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $1.39 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

Insider Buying and Selling at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president directly owned 21,248 shares in the company, 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 this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in RPM International in the third quarter valued at approximately $30,000. Versant Capital Management Inc boosted 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 valued at $32,000 after acquiring an additional 90 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in RPM International during the 4th quarter worth $37,000. Rothschild Investment LLC grew its position in RPM International by 2,387.0% during 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 during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in RPM International in the 4th quarter worth about $60,000. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

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.