Evercore ISI Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price target reduced by equities researchers at Evercore ISI from $145.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s price target would suggest a potential upside of 15.09% from the company’s current price.

RPM has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of RPM International from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Morgan Stanley raised their target price on shares of RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $126.00 to $129.00 in a research note on Tuesday, October 14th. Weiss Ratings lowered shares of RPM International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, UBS Group boosted their target price on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.18.

RPM International Stock Performance

RPM traded up $0.57 during trading hours on Tuesday, hitting $108.62. 81,338 shares of the stock were exchanged, compared to its average volume of 782,014. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. The stock has a 50-day simple moving average of $116.19 and a 200-day simple moving average of $115.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International has a 12 month low of $95.28 and a 12 month high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. Analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

Insider Activity at RPM International

In related news, Director Salvatore D. Fazzolari sold 375 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the transaction, the director owned 21,578 shares in the company, valued at $2,323,303.26. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of RPM International

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of RPM International in the third quarter worth approximately $30,000. Versant Capital Management Inc boosted its stake in RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 90 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in RPM International by 43.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Finally, Curio Wealth LLC raised its stake in RPM International by 65,900.0% during the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 659 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

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.