Mizuho Cuts RPM International (NYSE:RPM) Price Target to $111.00

RPM International (NYSE:RPM) had its price objective reduced by Mizuho from $120.00 to $111.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

RPM has been the subject of several other research reports. BMO Capital Markets dropped their price target on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Robert W. Baird raised RPM International from a “neutral” rating to an “outperform” rating and set a $125.00 price objective on the stock in a report on Wednesday, March 4th. Zacks Research downgraded RPM International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, UBS Group cut their target price on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.25.

RPM International Price Performance

Shares of NYSE:RPM opened at $98.77 on Monday. The company’s fifty day moving average price is $109.07 and its 200-day moving average price is $110.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.34 and a beta of 1.09. RPM International has a one year low of $92.92 and a one year high of $129.12.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s payout ratio is 41.62%.

Insiders Place Their Bets

In related news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares in the company, valued at $2,343,866.88. This represents a 13.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of RPM International during the fourth quarter valued at approximately $54,307,000. Life Cycle Investment Partners Ltd purchased a new position in shares of RPM International in the fourth quarter worth $16,175,000. Danske Bank A S purchased a new position in shares of RPM International in the third quarter worth $17,362,000. River Road Asset Management LLC bought a new stake in RPM International during the 4th quarter valued at $6,658,000. Finally, California State Teachers Retirement System boosted its position in RPM International by 21.7% during the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after buying an additional 63,532 shares during the period. Institutional investors own 80.95% of the company’s stock.

About RPM International

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.