RPM International (NYSE:RPM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RPM International (NYSE:RPM) from a hold rating to a buy rating in a research note released on Monday.

Several other analysts have also recently commented on RPM. UBS Group raised their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada raised their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their price target on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, RPM International currently has an average rating of “Hold” and a consensus target price of $131.00.

RPM International Trading Up 0.6 %

Shares of RPM stock opened at $121.52 on Monday. The company has a market capitalization of $15.64 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $131.71 and its two-hundred day moving average is $123.06. RPM International has a twelve month low of $103.63 and a twelve month high of $141.79.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Transactions at RPM International

In related news, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the transaction, the vice president now owns 22,738 shares in the company, valued at approximately $3,040,297.98. This trade represents a 14.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,927 shares of company stock valued at $1,037,214 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pensionfund Sabic purchased a new position in shares of RPM International during the 4th quarter worth $1,354,000. GAMMA Investing LLC increased its stake in RPM International by 12.8% in the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in RPM International during the third quarter worth about $1,295,000. Toronto Dominion Bank boosted its stake in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock worth $1,982,000 after buying an additional 4,062 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in RPM International by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock valued at $320,851,000 after buying an additional 145,070 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional 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; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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.