Morgan Stanley Lowers RPM International (NYSE:RPM) Price Target to $113.00

RPM International (NYSE:RPM - Free Report) had its price objective lowered by Morgan Stanley from $125.00 to $113.00 in a research report report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty chemicals company's stock.

A number of other analysts have also issued reports on RPM. JPMorgan Chase & Co. dropped their target price on RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company raised RPM International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Mizuho dropped their price target on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI upgraded shares of RPM International to a "strong-buy" rating in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.10.

RPM International Trading Up 0.8 %

RPM stock traded up $0.84 during trading on Wednesday, reaching $105.21. 174,254 shares of the stock traded hands, compared to its average volume of 654,997. The business's 50 day moving average price is $117.06 and its 200-day moving average price is $125.28. The firm has a market capitalization of $13.53 billion, a PE ratio of 20.79, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International has a 52-week low of $95.28 and a 52-week high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company posted $0.52 EPS. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, April 17th. RPM International's dividend payout ratio (DPR) is presently 40.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 84 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of RPM International in the 4th quarter worth about $37,000. Farther Finance Advisors LLC lifted its position in RPM International by 58.7% in the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after purchasing an additional 155 shares during the last quarter. Fairway Wealth LLC boosted its stake in RPM International by 829.8% during the 4th quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 390 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in RPM International by 148.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock worth $66,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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.