RPM International (NYSE:RPM) Price Target Raised to $130.00 at UBS Group

RPM International (NYSE:RPM) had its price objective upped by equities researchers at UBS Group from $123.00 to $130.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 2.77% from the stock’s current price.

Other analysts have also issued reports about the stock. Royal Bank of Canada increased their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $149.00 price objective (up previously from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $131.00.

RPM International Stock Performance

RPM International stock opened at $126.49 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The company has a market capitalization of $16.28 billion, a PE ratio of 26.52, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a 50 day moving average price of $133.77 and a 200-day moving average price of $121.80. RPM International has a fifty-two week low of $100.82 and a fifty-two week high of $141.79.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $1.64 EPS. RPM International’s revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that RPM International will post 5.56 earnings per share for the current year.

Insider Transactions at RPM International

In related news, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock worth $1,443,549 in the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several institutional investors and hedge funds have recently made changes to their positions in RPM. Creative Financial Designs Inc. ADV increased its position in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in RPM International during the 3rd quarter worth $35,000. Eastern Bank purchased a new position in RPM International during the 3rd quarter worth $41,000. UMB Bank n.a. increased its stake in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 281 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of RPM International in the second quarter valued at about $45,000. 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.