RPM International (RPM) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of RPM International (NYSE:RPM) from a neutral rating to an underweight rating in a research report released on Friday morning, Marketbeat Ratings reports. They currently have $47.00 target price on the specialty chemicals company’s stock, down from their previous target price of $52.00.

RPM has been the subject of several other research reports. Zacks Investment Research upgraded RPM International from a hold rating to a buy rating and set a $61.00 price objective for the company in a research report on Tuesday, January 9th. TheStreet upgraded RPM International from a c+ rating to a b- rating in a research report on Tuesday, December 5th. Finally, Vertical Research upgraded RPM International from a hold rating to a buy rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $55.17.

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Shares of RPM International stock opened at $49.63 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 1.42. RPM International has a 12-month low of $46.80 and a 12-month high of $56.69. The firm has a market capitalization of $6,633.84, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.45.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.11. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. equities research analysts forecast that RPM International will post 3.02 EPS for the current fiscal year.

In related news, SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the transaction, the senior vice president now owns 98,417 shares in the company, valued at $5,293,850.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the transaction, the chairman now owns 1,188,489 shares of the company’s stock, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in RPM. Elefante Mark B bought a new position in shares of RPM International during the fourth quarter valued at approximately $213,000. Opus Capital Group LLC bought a new position in shares of RPM International during the fourth quarter valued at approximately $219,000. Logan Capital Management Inc. bought a new position in shares of RPM International during the fourth quarter valued at approximately $230,000. Jump Trading LLC bought a new position in shares of RPM International during the fourth quarter valued at approximately $299,000. Finally, Flinton Capital Management LLC raised its holdings in shares of RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 1,888 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

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RPM International Company Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

Analyst Recommendations for RPM International (NYSE:RPM)

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