Mizuho Issues Pessimistic Forecast for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM - Free Report) had its price objective decreased by Mizuho from $150.00 to $140.00 in a research note issued to investors on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company's stock.

RPM has been the topic of a number of other reports. Morgan Stanley upped their price target on RPM International from $107.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPM International from $132.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. StockNews.com raised shares of RPM International from a "hold" rating to a "buy" rating in a research note on Monday. BMO Capital Markets reissued an "outperform" rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised RPM International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $134.00 to $140.00 in a report on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.00.

RPM International Trading Up 0.5 %

Shares of RPM International stock traded up $0.62 on Wednesday, reaching $122.36. 1,057,429 shares of the company's stock were exchanged, compared to its average volume of 1,177,526. The company has a market capitalization of $15.75 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. RPM International has a 52 week low of $103.63 and a 52 week high of $141.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The firm's 50-day moving average is $131.45 and its two-hundred day moving average is $123.13.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.05. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same period last year, the company posted $1.22 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. 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. Shareholders of record on Friday, January 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, January 17th. RPM International's dividend payout ratio is currently 42.77%.

Insider Activity at RPM International

In other RPM International news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares of the company's stock, valued at $1,155,017.22. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael J. Laroche sold 3,615 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now owns 11,596 shares of the company's stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently added to or reduced their stakes in RPM. Creative Financial Designs Inc. ADV boosted its holdings in shares of RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the third quarter worth approximately $35,000. Eastern Bank bought a new position in RPM International during the third quarter valued at approximately $41,000. UMB Bank n.a. raised its stake in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of RPM International during the second quarter worth approximately $45,000. 80.95% of the stock is currently owned by 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.