RPM International (NYSE:RPM) Given New $130.00 Price Target at Wells Fargo & Company

RPM International (NYSE:RPM) had its price objective decreased by Wells Fargo & Company from $135.00 to $130.00 in a research note issued to investors on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company’s stock.

Several other research firms have also recently weighed in on RPM. Bank of America boosted their price objective on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada lifted their price target on RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. KeyCorp assumed coverage on RPM International in a research report on Friday, September 11th. They issued an “overweight” rating and a $123.00 price target on the stock. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Morgan Stanley lowered their price objective on shares of RPM International from $117.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.85.

RPM International Stock Performance

Shares of RPM opened at $95.17 on Monday. The company has a market capitalization of $12.14 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.16. RPM International has a one year low of $92.92 and a one year high of $121.78. The company’s fifty day moving average price is $105.77 and its 200 day moving average price is $104.60.

RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 earnings per share. As a group, analysts expect that RPM International will post 5.96 earnings per share for the current year.

Institutional Investors Weigh In On RPM International

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in RPM International by 119.2% during the third quarter. Versant Capital Management Inc now owns 2,302 shares of the specialty chemicals company’s stock valued at $227,000 after acquiring an additional 1,252 shares during the period. Operose Advisors LLC bought a new stake in shares of RPM International in the 2nd quarter worth approximately $26,000. Saudi Central Bank lifted its position in shares of RPM International by 89.0% in the 2nd quarter. Saudi Central Bank now owns 8,934 shares of the specialty chemicals company’s stock worth $993,000 after acquiring an additional 4,207 shares during the period. Syon Capital LLC grew its holdings in shares of RPM International by 10.4% during the 2nd quarter. Syon Capital LLC now owns 4,688 shares of the specialty chemicals company’s stock worth $521,000 after purchasing an additional 442 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of RPM International during the 2nd quarter worth approximately $201,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

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.