Posted by admin on Aug 12th, 2022

RPM International (NYSE:RPM – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other analysts have also recently commented on the company. Bank of America reduced their target price on RPM International from $90.00 to $78.00 and set an “underperform” rating on the stock in a report on Wednesday, July 13th. TheStreet upgraded RPM International from a “c+” rating to a “b” rating in a report on Monday, July 25th. Credit Suisse Group began coverage on RPM International in a report on Monday, June 27th. They set an “outperform” rating and a $95.00 price target on the stock. Finally, BMO Capital Markets cut their price target on RPM International from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $96.75.

Shares of RPM stock opened at $91.60 on Wednesday. The business’s 50 day simple moving average is $83.34 and its 200 day simple moving average is $84.20. RPM International has a one year low of $74.56 and a one year high of $101.48. The stock has a market capitalization of $11.82 billion, a PE ratio of 24.17, a PEG ratio of 4.19 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.56 and a quick ratio of 0.96.

RPM International (NYSE:RPM – Get Rating) last announced its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.02). RPM International had a net margin of 7.33% and a return on equity of 25.57%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts forecast that RPM International will post 4.31 earnings per share for the current year.

In other news, SVP Edward W. Moore sold 2,108 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the transaction, the senior vice president now directly owns 56,086 shares of the company’s stock, valued at $4,920,985.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Edward W. Moore sold 2,108 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total value of $184,955.92. Following the completion of the sale, the senior vice president now directly owns 56,086 shares of the company’s stock, valued at approximately $4,920,985.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick R. Nance sold 2,600 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $89.24, for a total value of $232,024.00. Following the completion of the sale, the director now directly owns 9,049 shares of the company’s stock, valued at $807,532.76. The disclosure for this sale can be found here. Insiders have sold 5,701 shares of company stock valued at $506,370 over the last ninety days. 1.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of RPM. Cowa LLC raised its position in RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after buying an additional 319,411 shares during the last quarter. Congress Wealth Management LLC DE bought a new position in RPM International in the 4th quarter valued at $10,827,000. Boston Trust Walden Corp grew its stake in RPM International by 13.1% in the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock valued at $45,152,000 after purchasing an additional 64,242 shares during the period. Russell Investments Group Ltd. grew its stake in RPM International by 116.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company’s stock valued at $5,969,000 after purchasing an additional 40,748 shares during the period. Finally, GW&K Investment Management LLC grew its stake in RPM International by 7.1% in the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock valued at $49,519,000 after purchasing an additional 40,198 shares during the period. 79.96% of the stock is owned by hedge funds and other institutional investors.

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional 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; solutions for fire stopping and intumescent steel coating, and 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; insulated building cladding materials; and concrete form wall systems.

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