RPM International (NYSE:RPM) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of RPM International (NYSE:RPM – Get Rating) in a report released on Friday. The firm set a “buy” rating on the specialty chemicals company’s stock.

A number of other analysts have also weighed in on RPM. BMO Capital Markets dropped their price objective on RPM International from $120.00 to $112.00 and set an “outperform” rating for the company in a research note on Friday, January 6th. KeyCorp began coverage on RPM International in a research note on Wednesday, December 14th. They set a “sector weight” rating for the company. Finally, Robert W. Baird dropped their price objective on RPM International from $100.00 to $92.00 in a research note on Friday, January 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.78.

RPM International Stock Down 0.8 %

Shares of RPM opened at $84.34 on Friday. The firm has a market cap of $10.89 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.47 and a beta of 0.96. The stock has a 50 day simple moving average of $87.81 and a two-hundred day simple moving average of $92.60. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.57 and a quick ratio of 1.49. RPM International has a 1 year low of $74.56 and a 1 year high of $106.50.

RPM International (NYSE:RPM – Get Rating) last issued its earnings results on Thursday, January 5th. The specialty chemicals company reported $1.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.10. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.81 billion. RPM International had a return on equity of 28.55% and a net margin of 7.46%. RPM International’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. On average, analysts forecast that RPM International will post 4.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in RPM International by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 1,771,240 shares of the specialty chemicals company’s stock worth $172,408,000 after purchasing an additional 85,812 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in RPM International by 6.8% in the third quarter. Bank of New York Mellon Corp now owns 1,555,552 shares of the specialty chemicals company’s stock worth $129,592,000 after purchasing an additional 98,640 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of RPM International by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 346,160 shares of the specialty chemicals company’s stock valued at $27,250,000 after acquiring an additional 883 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of RPM International by 0.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 335,790 shares of the specialty chemicals company’s stock valued at $27,975,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Cowa LLC increased its holdings in shares of RPM International by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 319,411 shares in the last quarter. Institutional investors own 81.50% of the company’s stock.

RPM International Company Profile

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RPM International, Inc engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following business segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group, and Specialty Products Group (SPG).