Citigroup Cuts RPM International (NYSE:RPM) Price Target to $127.00

RPM International (NYSE:RPM) had its price target trimmed by Citigroup from $136.00 to $127.00 in a report published on Thursday,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently weighed in on RPM. Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Monday, December 15th. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. UBS Group reduced their price objective on shares of RPM International from $127.00 to $119.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Evercore ISI dropped their target price on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and an average target price of $128.64.

RPM International Price Performance

Shares of RPM International stock opened at $105.12 on Thursday. The firm has a market cap of $13.48 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. RPM International has a 12-month low of $95.28 and a 12-month high of $129.12. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $107.69 and its two-hundred day simple moving average is $114.17.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, equities analysts expect that RPM International will post 5.5 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.54 per share. This is an increase from RPM International’s previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, October 20th. RPM International’s payout ratio is 40.37%.

Insider Buying and Selling at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the sale, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RPM International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S bought a new position in shares of RPM International during the third quarter valued at approximately $17,362,000. Boston Trust Walden Corp grew its stake in shares of RPM International by 18.1% in the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after buying an additional 63,532 shares during the last quarter. ABN Amro Investment Solutions bought a new position in RPM International during the 2nd quarter valued at approximately $6,553,000. Finally, Ameriprise Financial Inc. raised its stake in RPM International by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock valued at $39,143,000 after buying an additional 33,016 shares during the last quarter. Hedge funds and other 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.