RPM International Inc. (NYSE:RPM) has been given an average rating of “Hold” by the seven research firms that are covering the firm. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $51.00.
A number of brokerages have issued reports on RPM. Zacks Investment Research downgraded RPM International from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Seaport Global Securities downgraded RPM International from an “accumulate” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. JPMorgan Chase & Co. reissued a “hold” rating on shares of RPM International in a report on Monday, July 18th. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Morgan Stanley reissued a “buy” rating on shares of RPM International in a report on Thursday, June 16th.
Shares of RPM International (NYSE:RPM) opened at 53.56 on Thursday. RPM International has a 12-month low of $36.78 and a 12-month high of $55.92. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 20.33 and a beta of 1.38. The company’s 50-day moving average price is $53.63 and its 200 day moving average price is $51.27.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.12. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. RPM International had a return on equity of 28.11% and a net margin of 7.37%. RPM International’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. On average, equities research analysts forecast that RPM International will post $2.77 EPS for the current fiscal year.
In other RPM International news, Chairman Frank C. Sullivan sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.56, for a total transaction of $3,213,600.00. Following the completion of the sale, the chairman now directly owns 1,144,622 shares of the company’s stock, valued at approximately $61,305,954.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Edward W. Moore sold 22,547 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $53.90, for a total value of $1,215,283.30. Following the sale, the senior vice president now directly owns 88,097 shares of the company’s stock, valued at $4,748,428.30. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. TimesSquare Capital Management LLC increased its stake in RPM International by 25.3% in the first quarter. TimesSquare Capital Management LLC now owns 4,131,060 shares of the company’s stock valued at $195,523,000 after buying an additional 833,090 shares in the last quarter. Norges Bank bought a new stake in RPM International during the fourth quarter valued at approximately $45,391,000. GW&K Investment Management LLC increased its stake in RPM International by 9.1% in the second quarter. GW&K Investment Management LLC now owns 1,002,994 shares of the company’s stock valued at $50,100,000 after buying an additional 83,582 shares in the last quarter. Geode Capital Management LLC increased its stake in RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock valued at $37,937,000 after buying an additional 26,989 shares in the last quarter. Finally, Eaton Vance Management bought a new stake in RPM International during the second quarter valued at approximately $21,042,000. 72.08% of the stock is owned by hedge funds and other institutional investors.
About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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