Several other equities analysts have also commented on RPM. Wells Fargo & Company lowered their price objective on shares of RPM International from $100.00 to $95.00 and set an equal weight rating for the company in a research report on Thursday, April 7th. TheStreet downgraded shares of RPM International from a b rating to a c+ rating in a research note on Wednesday, April 6th. BMO Capital Markets reduced their target price on shares of RPM International from $115.00 to $111.00 and set an outperform rating on the stock in a research note on Tuesday, April 12th. Finally, Zacks Investment Research downgraded shares of RPM International from a hold rating to a sell rating and set a $85.00 target price on the stock. in a research note on Monday, March 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $98.00.
RPM stock opened at $84.36 on Thursday. RPM International has a 52 week low of $75.11 and a 52 week high of $101.48. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $84.14 and a two-hundred day simple moving average of $88.41. The firm has a market capitalization of $10.92 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 4.45 and a beta of 0.90.
The business also recently declared a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Wednesday, April 13th. RPM International’s dividend payout ratio is presently 46.38%.
In related news, CAO Michael J. Laroche sold 1,476 shares of the firm’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $83.55, for a total value of $123,319.80. Following the transaction, the chief accounting officer now owns 6,525 shares of the company’s stock, valued at approximately $545,163.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its position in RPM International by 26.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 39,313 shares of the specialty chemicals company’s stock valued at $3,202,000 after purchasing an additional 8,319 shares during the period. Ancora Advisors LLC increased its position in RPM International by 11.5% during the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 150 shares during the period. Cowa LLC increased its position in RPM International by 9,901.1% during the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after purchasing an additional 319,411 shares during the period. Baird Financial Group Inc. increased its position in RPM International by 9.0% during the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock valued at $19,039,000 after purchasing an additional 19,318 shares during the period. Finally, Archer Investment Corp increased its position in RPM International by 113.0% during the 1st quarter. Archer Investment Corp now owns 1,225 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 650 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds.
RPM International Company Profile (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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