RPM International Inc. (RPM) Stock Rating Reaffirmed by Robert W. Baird
RPM International Inc. (NYSE:RPM)‘s stock had its “hold” rating reissued by Robert W. Baird in a research note issued to investors on Friday. They currently have a $56.00 price target on the specialty chemicals company’s stock. Robert W. Baird’s price target suggests a potential upside of 13.73% from the company’s previous close.
A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, June 7th. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of RPM International in a research report on Tuesday, June 13th. Finally, Bank of America Corporation reduced their target price on shares of RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.71.
RPM International (NYSE RPM) opened at 49.24 on Friday. The firm’s 50-day moving average price is $50.83 and its 200-day moving average price is $53.04. RPM International has a one year low of $46.25 and a one year high of $56.48. The company has a market cap of $6.58 billion, a PE ratio of 36.07 and a beta of 1.55.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company posted $1.13 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that RPM International will post $2.88 earnings per share for the current fiscal year.
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In other RPM International news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the transaction, the senior vice president now owns 92,549 shares of the company’s stock, valued at $4,816,249.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. boosted its stake in RPM International by 1.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 4,601 shares of the specialty chemicals company’s stock worth $253,000 after buying an additional 50 shares in the last quarter. Advisory Services Network LLC boosted its stake in RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after buying an additional 57 shares in the last quarter. Albion Financial Group UT boosted its stake in RPM International by 1.1% in the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after buying an additional 95 shares in the last quarter. Buffington Mohr McNeal boosted its stake in RPM International by 0.5% in the second quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock worth $1,068,000 after buying an additional 100 shares in the last quarter. Finally, US Bancorp DE boosted its stake in RPM International by 0.4% in the first quarter. US Bancorp DE now owns 35,552 shares of the specialty chemicals company’s stock worth $1,957,000 after buying an additional 147 shares in the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.
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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