RPM International Inc. (NYSE:RPM) had its price target lowered by research analysts at Bank of America Corporation from $58.00 to $56.00 in a research report issued on Tuesday, July 25th. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Bank of America Corporation’s price objective suggests a potential upside of 9.35% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub upgraded shares of RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. Finally, Seaport Global Securities upgraded shares of RPM International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.00.
Shares of RPM International (NYSE RPM) opened at 51.21 on Tuesday. The firm has a market cap of $6.84 billion, a PE ratio of 37.52 and a beta of 1.54. The firm has a 50-day moving average price of $54.46 and a 200-day moving average price of $53.53. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48.
RPM International (NYSE:RPM) last released its quarterly earnings data on Monday, July 24th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. On average, equities research analysts predict that RPM International will post $2.88 earnings per share for the current year.
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In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at approximately $4,816,249.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of RPM. Russell Investments Group Ltd. purchased a new stake in shares of RPM International during the fourth quarter worth $1,033,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of RPM International during the fourth quarter worth $252,000. HighPoint Advisor Group LLC purchased a new stake in shares of RPM International during the fourth quarter worth $517,000. Hendley & Co. Inc. raised its stake in shares of RPM International by 0.6% in the fourth quarter. Hendley & Co. Inc. now owns 79,093 shares of the specialty chemicals company’s stock worth $4,258,000 after buying an additional 510 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of RPM International by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 116,006 shares of the specialty chemicals company’s stock worth $6,245,000 after buying an additional 6,510 shares during the last quarter. 72.62% of the stock is owned by institutional investors.
RPM International Company Profile
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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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