JPMorgan Chase & Co. Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Free Report) had its price target lowered by JPMorgan Chase & Co. from $126.00 to $124.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company's stock.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their target price on RPM International from $107.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, October 4th. BMO Capital Markets reissued an "outperform" rating and issued a $149.00 price objective (up previously from $139.00) on shares of RPM International in a report on Thursday, October 3rd. StockNews.com upgraded shares of RPM International from a "hold" rating to a "buy" rating in a report on Monday. Wells Fargo & Company upgraded shares of RPM International from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $134.00 to $140.00 in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $132.00.

RPM International Stock Up 0.5 %

Shares of RPM International stock traded up $0.62 during trading on Wednesday, reaching $122.36. The stock had a trading volume of 1,057,429 shares, compared to its average volume of 1,177,526. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.98 and a beta of 1.02. The stock has a fifty day moving average price of $131.45 and a two-hundred day moving average price of $123.13. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business posted $1.22 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts predict that RPM International will post 5.56 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.67%. RPM International's dividend payout ratio (DPR) is currently 42.77%.

Insider Activity at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the sale, the vice president now directly owns 22,738 shares in the company, valued at approximately $3,040,297.98. The trade was a 14.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael J. Laroche sold 3,615 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at approximately $1,474,315.44. This trade represents a 23.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,927 shares of company stock worth $1,037,214 in the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On RPM International

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock worth $320,851,000 after acquiring an additional 145,070 shares during the period. Pacer Advisors Inc. lifted its stake in RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company's stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of RPM International by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company's stock valued at $29,228,000 after purchasing an additional 1,919 shares in the last quarter. National Pension Service increased its stake in shares of RPM International by 4.8% in the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company's stock valued at $27,130,000 after purchasing an additional 10,317 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of RPM International by 2,975.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company's stock worth $24,290,000 after buying an additional 194,215 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional 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; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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.