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RPM International (NYSE:RPM) Downgraded by StockNews.com

kopsource · Sep 13, 2022 02:32

StockNews.com downgraded shares of RPM International (NYSE:RPM – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

A number of other equities analysts have also issued reports on RPM. Credit Suisse Group assumed coverage on RPM International in a report on Monday, June 27th. They set an outperform rating and a $95.00 price target on the stock. Bank of America lowered their price objective on RPM International from $90.00 to $78.00 and set an underperform rating on the stock in a report on Wednesday, July 13th. TheStreet raised RPM International from a c+ rating to a b rating in a report on Monday, July 25th. Finally, BMO Capital Markets lifted their price objective on RPM International from $104.00 to $111.00 and gave the company an outperform rating in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $96.75.

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RPM International Stock Performance

NYSE RPM opened at $96.62 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.05. RPM International has a 52-week low of $74.56 and a 52-week high of $101.48. The business's 50-day moving average price is $89.47 and its 200 day moving average price is $85.37. The firm has a market cap of $12.47 billion, a P/E ratio of 25.49, a P/E/G ratio of 4.55 and a beta of 0.94.

RPM International (NYSE:RPM – Get Rating) last released its quarterly earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.44 by ($0.02). RPM International had a return on equity of 25.57% and a net margin of 7.33%. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same period in the prior year, the business earned $1.28 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that RPM International will post 4.31 earnings per share for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, July 14th. RPM International's dividend payout ratio (DPR) is 42.22%.

Insider Transactions at RPM International

In other news, SVP Edward W. Moore sold 2,108 shares of the business's stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the sale, the senior vice president now owns 56,086 shares of the company's stock, valued at approximately $4,920,985.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Edward W. Moore sold 2,108 shares of RPM International stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the completion of the transaction, the senior vice president now directly owns 56,086 shares in the company, valued at approximately $4,920,985.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew T. Ratajczak sold 993 shares of RPM International stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $90.02, for a total value of $89,389.86. Following the transaction, the vice president now owns 55,546 shares of the company's stock, valued at $5,000,250.92. The disclosure for this sale can be found here. Insiders have sold 5,701 shares of company stock valued at $506,370 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in RPM International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company's stock valued at $161,533,000 after acquiring an additional 34,887 shares during the last quarter. GW&K Investment Management LLC raised its holdings in RPM International by 7.1% in the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company's stock valued at $49,519,000 after acquiring an additional 40,198 shares during the last quarter. Boston Trust Walden Corp raised its holdings in RPM International by 1.7% in the 2nd quarter. Boston Trust Walden Corp now owns 563,614 shares of the specialty chemicals company's stock valued at $44,368,000 after acquiring an additional 9,192 shares during the last quarter. Roffman Miller Associates Inc. PA raised its holdings in RPM International by 0.5% in the 2nd quarter. Roffman Miller Associates Inc. PA now owns 412,486 shares of the specialty chemicals company's stock valued at $32,471,000 after acquiring an additional 2,185 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in RPM International by 0.3% in the 2nd 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 during the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

RPM International Company Profile

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; solutions for fire stopping and intumescent steel coating, and manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.