UBS Group Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its target price decreased by equities researchers at UBS Group from $119.00 to $108.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target indicates a potential upside of 10.19% from the company’s previous close.

Several other analysts have also recently weighed in on RPM. JPMorgan Chase & Co. raised shares of RPM International from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $117.00 to $115.00 in a research note on Friday, January 9th. Mizuho lowered their target price on RPM International from $120.00 to $111.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. BMO Capital Markets reduced their price target on RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Finally, Zacks Research cut RPM International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.33.

RPM International Trading Down 2.6%

NYSE RPM traded down $2.62 during trading hours on Thursday, reaching $98.01. The company’s stock had a trading volume of 528,820 shares, compared to its average volume of 1,077,732. The firm has a fifty day simple moving average of $107.85 and a 200-day simple moving average of $109.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. RPM International has a 52 week low of $92.92 and a 52 week high of $129.12. The stock has a market cap of $12.55 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.42 and a beta of 1.10.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Timothy R. Kinser sold 3,441 shares of RPM International stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president directly owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in RPM International in the third quarter worth approximately $30,000. Versant Capital Management Inc boosted its holdings in shares of RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of RPM International during the 4th quarter worth approximately $37,000. Los Angeles Capital Management LLC acquired a new stake in shares of RPM International during the 4th quarter worth approximately $60,000. Finally, Rothschild Investment LLC increased 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 acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds 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.