RPM International (NYSE:RPM) Price Target Cut to $126.00 by Analysts at BMO Capital Markets

RPM International (NYSE:RPM) had its target price decreased by BMO Capital Markets from $154.00 to $126.00 in a research report released on Wednesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty chemicals company’s stock.

Other equities analysts have also issued reports about the company. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. Mizuho lowered their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of 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 upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $134.00 to $140.00 in a research report on Wednesday, January 8th. Finally, Morgan Stanley decreased their price objective on RPM International from $125.00 to $113.00 and set an “equal weight” rating on the stock in a report on Wednesday. Six 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.10.

RPM International Stock Down 4.2 %

RPM stock traded down $4.40 during trading on Wednesday, reaching $101.24. The stock had a trading volume of 475,960 shares, compared to its average volume of 651,159. The company’s 50 day moving average is $117.80 and its two-hundred day moving average is $125.53. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.97 and a beta of 1.06. RPM International has a one year low of $95.28 and a one year high of $141.79. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last announced its quarterly earnings data 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). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. Equities research analysts forecast that RPM International will post 5.5 EPS 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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 17th. RPM International’s payout ratio is 40.32%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RPM. Geode Capital Management LLC grew its stake in RPM International by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after purchasing an additional 79,256 shares during the period. Bank of New York Mellon Corp grew its position in shares of RPM International by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company’s stock worth $176,034,000 after buying an additional 87,540 shares during the period. GW&K Investment Management LLC increased its stake in shares of RPM International by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 606,270 shares of the specialty chemicals company’s stock worth $74,607,000 after acquiring an additional 4,536 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of RPM International by 3.2% in the 4th quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock worth $62,712,000 after purchasing an additional 15,602 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of RPM International by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 305,354 shares of the specialty chemicals company’s stock worth $37,577,000 after acquiring an additional 12,579 shares during the last quarter. Hedge funds and other institutional investors 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.