Robert W. Baird Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Free Report) had its price objective cut by Robert W. Baird from $125.00 to $110.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company's stock.

Other analysts have also recently issued reports about the company. StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Evercore ISI raised shares of RPM International to a "strong-buy" rating in a report on Tuesday, January 21st. Mizuho dropped their price objective 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. BMO Capital Markets cut their target price on RPM International from $154.00 to $126.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company upgraded shares of RPM International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.10.

RPM International Stock Performance

RPM International stock traded up $0.84 during mid-day trading on Wednesday, reaching $105.21. The company had a trading volume of 174,254 shares, compared to its average volume of 654,997. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.97 and a beta of 1.06. The company has a 50 day moving average of $117.06 and a 200-day moving average of $125.28. 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 released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The firm's quarterly revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts expect that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given 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 of this dividend is Thursday, April 17th. RPM International's dividend payout ratio is 40.88%.

Hedge Funds Weigh In On RPM International

Large investors have recently bought and sold shares of the business. NBC Securities Inc. raised its position in shares of RPM International by 145,300.0% during the 1st quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock valued at $336,000 after acquiring an additional 2,906 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in RPM International by 1.3% during the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after acquiring an additional 116 shares in the last quarter. GAMMA Investing LLC lifted its stake in RPM International by 12,321.2% in the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock valued at $31,367,000 after buying an additional 268,971 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of RPM International by 3.5% during the fourth quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock worth $36,617,000 after acquiring an additional 10,185 shares during the period. Finally, Putney Financial Group LLC bought a new stake in RPM International in the 4th quarter valued at $308,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

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.