RPM International (NYSE:RPM) Now Covered by Barclays

Investment analysts at Barclays started coverage on shares of RPM International (NYSE:RPM) in a note issued to investors on Tuesday, Briefing.com reports. The firm set an “equal weight” rating and a $107.00 price target on the specialty chemicals company’s stock. Barclays‘s price target would suggest a potential upside of 9.65% from the stock’s current price.

A number of other research analysts also recently issued reports on RPM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. KeyCorp decreased their target price on RPM International from $123.00 to $117.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group decreased their price target on shares of RPM International from $142.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. BMO Capital Markets lifted their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on RPM International from $126.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.71.

RPM International Stock Performance

RPM International stock opened at $97.59 on Tuesday. RPM International has a twelve month low of $92.92 and a twelve month high of $121.78. The company has a market capitalization of $12.45 billion, a P/E ratio of 18.07, a PEG ratio of 1.73 and a beta of 1.05. The stock’s 50 day moving average is $104.67 and its 200 day moving average is $104.67. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $1.88 EPS. The company’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that RPM International will post 5.96 earnings per share for the current fiscal year.

Institutional Trading of RPM International

Large investors have recently made changes to their positions in the company. Benedict Financial Advisors Inc. lifted its stake in RPM International by 0.8% in the third quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock worth $2,529,000 after acquiring an additional 197 shares during the last quarter. GAMMA Investing LLC grew its holdings in RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after acquiring an additional 209 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of RPM International in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in shares of RPM International by 36.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 278 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of RPM International in the 2nd quarter valued at approximately $47,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

About RPM International

RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.

Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.