RPM International (NYSE:RPM) Rating Increased to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of RPM International (NYSE:RPM - Free Report) from an equal weight rating to an overweight rating in a research note released on Wednesday, Marketbeat.com reports. Wells Fargo & Company currently has $140.00 target price on the specialty chemicals company's stock, up from their previous target price of $134.00.

A number of other analysts have also recently weighed in on RPM. BMO Capital Markets reaffirmed an "outperform" rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective 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 upgraded shares of RPM International from a "hold" rating to a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Finally, UBS Group increased their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, RPM International presently has a consensus rating of "Moderate Buy" and an average price target of $132.00.

RPM International Stock Performance

NYSE RPM traded up $0.62 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 debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The stock has a market cap 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. The business's 50-day moving average price is $131.45 and its 200 day moving average price is $123.13. RPM International has a 12-month low of $103.63 and a 12-month high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. As a group, equities analysts expect that RPM International will post 5.56 earnings per share for the current year.

RPM International Announces Dividend

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

Insider Buying and Selling

In other news, 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 directly owns 11,596 shares of the company's stock, valued at $1,474,315.44. This trade represents a 23.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Tracy D. Crandall sold 3,718 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,927 shares of company stock valued at $1,037,214. 1.60% of the stock is owned by insiders.

Institutional Trading of RPM International

A number of large investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its holdings in 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 valued at $26,000 after purchasing an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc purchased a new position in shares of RPM International during the third quarter valued at approximately $35,000. Eastern Bank acquired a new stake in RPM International during the third quarter worth approximately $41,000. UMB Bank n.a. raised its holdings in RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock valued at $43,000 after acquiring an additional 281 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in RPM International in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 80.95% of the company's stock.

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.