Royal Bank of Canada Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

RPM International (NYSE:RPM) had its price objective decreased by Royal Bank of Canada from $126.00 to $116.00 in a research report released on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the specialty chemicals company’s stock.

RPM has been the subject of a number of other reports. BMO Capital Markets decreased their price target on RPM International from $154.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of RPM International from $140.00 to $116.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced 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. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.10.

RPM International Stock Performance

NYSE:RPM opened at $102.31 on Thursday. The firm has a market capitalization of $13.15 billion, a PE ratio of 20.22, a PEG ratio of 1.97 and a beta of 1.06. The stock’s fifty day moving average is $117.41 and its 200 day moving average is $125.39. 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.

RPM International (NYSE:RPM) last released its 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 firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. RPM International’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. On average, sell-side analysts anticipate that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, April 17th. RPM International’s dividend payout ratio is currently 40.88%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. NBC Securities Inc. grew its holdings in RPM International by 145,300.0% in the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company’s stock worth $336,000 after purchasing an additional 2,906 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of RPM International by 1.3% in the 1st quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company’s stock worth $1,060,000 after purchasing an additional 116 shares in the last quarter. GAMMA Investing LLC grew its stake in RPM International by 12,321.2% during the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock worth $31,367,000 after buying an additional 268,971 shares during the last quarter. California State Teachers Retirement System increased its position in RPM International by 3.5% during the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company’s stock valued at $36,617,000 after buying an additional 10,185 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in RPM International in the fourth quarter valued at about $308,000. 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.