RPM International (NYSE:RPM) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other research firms have also recently commented on RPM. Weiss Ratings reissued a “hold (c)” rating on shares of RPM International in a report on Friday, July 24th. Bank of America lifted their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada boosted their target price on shares of RPM International from $126.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Morgan Stanley cut their target price on shares of RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.00.

RPM International Trading Down 2.1%

Shares of RPM International stock opened at $106.38 on Friday. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $128.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The company has a market capitalization of $13.59 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.22 and a beta of 1.04. The company has a fifty day moving average of $109.24 and a 200 day moving average of $106.71.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. On average, sell-side analysts anticipate that RPM International will post 6 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 14th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 14th. RPM International’s dividend payout ratio (DPR) is presently 41.86%.

Institutional Trading of RPM International

Several hedge funds have recently made changes to their positions in RPM. Operose Advisors LLC bought a new position in shares of RPM International in the 2nd quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in RPM International during the fourth quarter worth approximately $37,000. Danske Bank A S purchased a new stake in RPM International during the second quarter valued at approximately $47,000. Los Angeles Capital Management LLC bought a new stake in shares of RPM International in the 4th quarter valued at approximately $60,000. Finally, Rothschild Investment LLC lifted its stake in shares of RPM International by 2,387.0% in the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after purchasing an additional 549 shares during the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.