RPM International (NYSE:RPM) Price Target Lowered to $113.00 at Morgan Stanley

RPM International (NYSE:RPM) had its price target trimmed by Morgan Stanley from $125.00 to $113.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other research firms have also recently weighed in on RPM. JPMorgan Chase & Co. cut their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Mizuho reduced their price target on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Finally, StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.10.

RPM International Trading Up 2.0 %

NYSE:RPM opened at $104.48 on Wednesday. RPM International has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. The business has a 50 day simple moving average of $117.06 and a 200 day simple moving average of $125.27. The firm has a market capitalization of $13.43 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.97 and a beta of 1.06.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Equities research analysts predict that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.95%. RPM International’s payout ratio is currently 40.88%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of RPM International during the 3rd quarter valued at $1,295,000. Toronto Dominion Bank lifted its holdings in shares of RPM International by 33.0% during the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after purchasing an additional 4,062 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of RPM International by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock valued at $11,899,000 after purchasing an additional 8,725 shares during the period. Geode Capital Management LLC increased its stake 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 worth $320,851,000 after purchasing an additional 145,070 shares in the last quarter. Finally, Pensionfund Sabic acquired a new stake in RPM International during the 4th quarter worth about $1,354,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

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.