Wells Fargo & Company Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Free Report) had its price objective decreased by Wells Fargo & Company from $140.00 to $116.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company's stock.

RPM has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on RPM International from $126.00 to $124.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird decreased their target price on shares of RPM International from $125.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. UBS Group lifted their price objective on RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. Evercore ISI upgraded shares of RPM International to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, StockNews.com cut RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, RPM International presently has an average rating of "Moderate Buy" and a consensus price target of $124.10.

RPM International Stock Performance

NYSE:RPM traded up $1.56 during mid-day trading on Wednesday, hitting $105.93. 595,385 shares of the stock were exchanged, compared to its average volume of 734,963. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. The firm's 50-day simple moving average is $117.06 and its 200 day simple moving average is $125.28.

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

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.93%. RPM International's dividend payout ratio is currently 40.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of RPM International by 55.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Fiduciary Alliance LLC lifted its position in RPM International by 1.3% in the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock valued at $1,060,000 after buying an additional 116 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in shares of RPM International by 4.0% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,434 shares of the specialty chemicals company's stock worth $423,000 after buying an additional 132 shares during the period. Farther Finance Advisors LLC increased its stake in RPM International by 58.7% during the 4th quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after buying an additional 155 shares during the period. Finally, ST Germain D J Co. Inc. raised its position in RPM International by 7.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 3,066 shares of the specialty chemicals company's stock valued at $377,000 after purchasing an additional 216 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

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.