RPM International (NYSE:RPM – Get Free Report) had its price target lowered by equities researchers at Wells Fargo & Company from $110.00 to $106.00 in a research report issued to clients and investors on Thursday, FlyOnTheWall reports. Wells Fargo & Company‘s price objective points to a potential upside of 8.04% from the company’s previous close.
A number of other analysts have also recently commented on RPM. TheStreet upgraded RPM International from a “c+” rating to a “b+” rating in a research report on Wednesday, July 26th. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Deutsche Bank Aktiengesellschaft upgraded RPM International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $118.00 in a report on Thursday, July 27th. Finally, Morgan Stanley boosted their price objective on RPM International from $88.00 to $107.00 and gave the company an “equal weight” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.80.
RPM International Stock Down 0.6 %
RPM International (NYSE:RPM – Get Free Report) last issued its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.97 billion. RPM International had a return on equity of 26.83% and a net margin of 6.96%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities analysts anticipate that RPM International will post 4.95 EPS for the current year.
Insider Transactions at RPM International
In other news, VP Matthew T. Ratajczak sold 6,137 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $103.29, for a total transaction of $633,890.73. Following the completion of the transaction, the vice president now directly owns 29,451 shares of the company’s stock, valued at approximately $3,041,993.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Matthew T. Ratajczak sold 6,137 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $103.29, for a total value of $633,890.73. Following the completion of the sale, the vice president now directly owns 29,451 shares of the company’s stock, valued at approximately $3,041,993.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Edward W. Moore sold 3,966 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $103.02, for a total value of $408,577.32. Following the completion of the sale, the senior vice president now directly owns 56,473 shares of the company’s stock, valued at $5,817,848.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,536 shares of company stock valued at $3,158,101. 1.50% of the stock is currently owned by corporate insiders.
Institutional Trading of RPM International
Hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its position in RPM International by 0.7% during the 1st quarter. Whittier Trust Co. now owns 34,372 shares of the specialty chemicals company’s stock worth $2,998,000 after acquiring an additional 237 shares during the period. Boston Trust Walden Corp raised its stake in shares of RPM International by 6.6% during the 2nd quarter. Boston Trust Walden Corp now owns 473,850 shares of the specialty chemicals company’s stock worth $42,519,000 after buying an additional 29,371 shares in the last quarter. Park National Corp OH raised its stake in shares of RPM International by 59.2% during the 1st quarter. Park National Corp OH now owns 48,412 shares of the specialty chemicals company’s stock worth $4,223,000 after buying an additional 17,998 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of RPM International by 1.1% during the 1st quarter. GW&K Investment Management LLC now owns 627,766 shares of the specialty chemicals company’s stock worth $54,767,000 after buying an additional 6,570 shares in the last quarter. Finally, Tobam purchased a new position in shares of RPM International during the 1st quarter worth approximately $56,000. 78.86% of the stock is owned by institutional investors and hedge funds.
About RPM International
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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; insulated building cladding materials; and concrete form wall systems.
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