RPM International (NYSE:RPM) Given New $124.00 Price Target at JPMorgan Chase & Co.

RPM International (NYSE:RPM) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $126.00 to $124.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 1.34% from the stock’s current price.

Several other equities analysts also recently issued reports on RPM. Deutsche Bank Aktiengesellschaft upped their price objective on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Mizuho dropped their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Morgan Stanley lifted their price target on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RPM International presently has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Trading Up 0.5 %

RPM opened at $122.36 on Wednesday. The firm has a market cap of $15.75 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.98 and a beta of 1.02. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $131.36 and a 200-day simple moving average of $123.12. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business posted $1.22 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that RPM International will post 5.56 earnings per share for the current year.

Insider Buying and Selling at RPM International

In other RPM International news, VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 22,738 shares in the company, valued at $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. 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. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International in the 2nd quarter worth approximately $45,000. Forsta AP Fonden grew its position in RPM International by 13.2% during the second quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company’s stock valued at $2,778,000 after purchasing an additional 3,000 shares in the last quarter. Achmea Investment Management B.V. increased its stake in RPM International by 4.1% in the 2nd quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company’s stock valued at $9,242,000 after buying an additional 3,363 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in RPM International in the 2nd quarter worth approximately $950,000. Finally, Hardin Capital Partners LLC acquired a new stake in shares of RPM International during the 2nd quarter valued at $363,000. 80.95% of the stock is owned by institutional investors and hedge funds.

About RPM International

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.