ValuEngine Downgrades RPM International (RPM) to Hold

ValuEngine cut shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report released on Monday morning, ValuEngine reports.

Several other research firms also recently issued reports on RPM. Gabelli reissued a buy rating on shares of RPM International in a research note on Monday, April 8th. BMO Capital Markets set a $71.00 target price on RPM International and gave the company a buy rating in a research report on Thursday, March 28th. TheStreet downgraded RPM International from a b- rating to a c rating in a research report on Friday, April 5th. Zacks Investment Research raised RPM International from a sell rating to a hold rating in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised RPM International from an underweight rating to a neutral rating and lifted their target price for the company from $50.00 to $55.00 in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $66.57.

Shares of RPM traded down $0.06 during mid-day trading on Monday, reaching $57.00. The company had a trading volume of 24,642 shares, compared to its average volume of 409,561. RPM International has a twelve month low of $49.02 and a twelve month high of $68.13. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.48 billion, a PE ratio of 19.52, a PEG ratio of 2.43 and a beta of 1.18.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. RPM International had a return on equity of 21.39% and a net margin of 3.96%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that RPM International will post 2.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, April 15th. RPM International’s dividend payout ratio is currently 47.95%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new position in RPM International during the fourth quarter worth approximately $10,768,000. BTIM Corp. increased its position in RPM International by 3.6% during the first quarter. BTIM Corp. now owns 334,869 shares of the specialty chemicals company’s stock worth $19,436,000 after buying an additional 11,784 shares during the last quarter. Stock Yards Bank & Trust Co. increased its position in RPM International by 1.4% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 187,347 shares of the specialty chemicals company’s stock worth $11,012,000 after buying an additional 2,672 shares during the last quarter. Norges Bank acquired a new position in RPM International during the fourth quarter worth approximately $63,851,000. Finally, Arizona State Retirement System increased its position in RPM International by 0.5% during the fourth quarter. Arizona State Retirement System now owns 95,257 shares of the specialty chemicals company’s stock worth $5,599,000 after buying an additional 507 shares during the last quarter. 77.45% of the stock is currently owned by hedge funds and other institutional investors.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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Analyst Recommendations for RPM International (NYSE:RPM)

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