RPM International (NYSE:RPM) Stock Gets Price Target Reduction from UBS Group

RPM International (NYSE:RPM) had its target price decreased by UBS Group from $142.00 to $128.00 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts also recently issued reports about the stock. Bank of America upped their price target on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. KeyCorp assumed coverage on RPM International in a research report on Friday, September 11th. They issued an “overweight” rating and a $123.00 target price on the stock. Citigroup cut their price target on RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.85.

RPM International Price Performance

NYSE RPM opened at $97.70 on Wednesday. The company has a 50 day simple moving average of $104.94 and a 200-day simple moving average of $104.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. RPM International has a 52-week low of $92.92 and a 52-week high of $121.78.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that RPM International will post 5.97 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. RPM International’s dividend payout ratio (DPR) is 40.00%.

Institutional Investors Weigh In On RPM International

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in RPM International by 8.1% during the third quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock valued at $276,000 after purchasing an additional 209 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of RPM International by 468.4% in the third quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock worth $286,000 after buying an additional 2,389 shares during the last quarter. Steph & Co. bought a new stake in shares of RPM International during the 3rd quarter worth $83,000. Benedict Financial Advisors Inc. grew its stake in RPM International by 0.8% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after buying an additional 197 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in RPM International by 119.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,302 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 1,252 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International News Summary

Here are the key news stories impacting RPM International this week:

• Positive Sentiment: RPM raised its quarterly dividend 5.6% to $0.57 per share, or $2.28 annually, representing a 2.3% yield. The dividend is payable October 30 to shareholders of record October 20, signaling continued confidence in cash generation. RPM International Boosts Dividend by 5.6%
• Positive Sentiment: Despite lowering its target from $123 to $117, KeyCorp maintained an “overweight” rating. Deutsche Bank also retained a “buy” rating after reducing its target from $126 to $115, leaving analysts’ targets well above the recent trading level. KeyCorp RPM International Price Target
• Positive Sentiment: Recent operating results provided support: RPM exceeded quarterly EPS estimates, revenue rose 4.8% year over year to $2.22 billion, and Evercore ISI and BMO Capital maintained buy-equivalent views. RPM Sales Rise 4.8%
• Neutral Sentiment: RPM announced the election of Jeffrey D. Rowe to its board of directors. The appointment may strengthen board expertise, but no immediate financial impact was disclosed. RPM Announces Election of Jeffrey D. Rowe
• Negative Sentiment: UBS, Citigroup and RBC also lowered their expectations or price targets for RPM. The cluster of revisions suggests analysts see more limited near-term upside or increased execution risk, likely weighing on sentiment even though several firms remain constructive. UBS RPM International Forecast

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.