BidaskClub cut shares of RPM International Inc. (NYSE:RPM) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other research analysts have also recently commented on the stock. Seaport Global Securities raised shares of RPM International from a neutral rating to a buy rating and raised their target price for the stock from $55.00 to $60.00 in a report on Tuesday, May 16th. TheStreet raised shares of RPM International from a c+ rating to a b- rating in a report on Thursday, March 16th. Zacks Investment Research cut shares of RPM International from a buy rating to a hold rating in a report on Friday, May 19th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $58.40.

RPM International (NYSE:RPM) traded down 1.17% during midday trading on Friday, reaching $54.25. The company’s stock had a trading volume of 1,389,563 shares. The firm has a 50 day moving average price of $53.97 and a 200-day moving average price of $53.41. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The firm has a market cap of $7.25 billion, a P/E ratio of 34.73 and a beta of 1.53.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. RPM International had a return on equity of 26.36% and a net margin of 4.22%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that RPM International will post $2.63 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Barings LLC raised its stake in RPM International by 123.0% in the first quarter. Barings LLC now owns 50,115 shares of the specialty chemicals company’s stock valued at $2,758,000 after buying an additional 27,645 shares in the last quarter. Paloma Partners Management Co raised its stake in RPM International by 4.8% in the first quarter. Paloma Partners Management Co now owns 13,166 shares of the specialty chemicals company’s stock valued at $725,000 after buying an additional 598 shares in the last quarter. State Street Corp raised its stake in RPM International by 4.1% in the first quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock valued at $359,572,000 after buying an additional 257,980 shares in the last quarter. DF Dent & Co. Inc. raised its stake in RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in RPM International by 9.2% in the first quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock valued at $54,097,000 after buying an additional 82,981 shares in the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.

RPM International Company Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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