RPM International (NYSE:RPM) Price Target Lowered to $126.00 at Deutsche Bank Aktiengesellschaft

RPM International (NYSE:RPM) had its price objective dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $138.00 to $126.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 12.78% from the company’s previous close.

Several other brokerages have also issued reports on RPM. Mizuho set a $120.00 price objective on shares of RPM International in a report on Thursday. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $117.00 to $115.00 in a research report on Friday. Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $121.00 to $132.00 in a research note on Tuesday, December 9th. KeyCorp reissued a “sector weight” rating on shares of RPM International in a research report on Friday. Finally, Evercore ISI reduced their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

RPM International Trading Up 0.6%

NYSE:RPM traded up $0.70 during midday trading on Monday, hitting $111.72. 498,835 shares of the company traded hands, compared to its average volume of 1,653,133. The firm’s fifty day moving average is $105.93 and its 200-day moving average is $113.60. The firm has a market capitalization of $14.31 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 1.11. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. RPM International has a 12-month low of $95.28 and a 12-month high of $129.12.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that RPM International will post 5.5 EPS for the current year.

Insider Activity at RPM International

In related news, Director Salvatore D. Fazzolari sold 375 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the sale, the director directly owned 21,578 shares of the company’s stock, valued at $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On RPM International

Hedge funds have recently modified their holdings of the business. Boston Trust Walden Corp boosted its position in RPM International by 8.5% during the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after acquiring an additional 51,152 shares during the last quarter. California State Teachers Retirement System grew its position in shares of RPM International by 21.7% in the second quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock valued at $39,096,000 after purchasing an additional 63,532 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the last quarter. Baird Financial Group Inc. lifted its position in RPM International by 0.4% during the second quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock worth $30,696,000 after buying an additional 1,076 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in RPM International by 1.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,678 shares of the specialty chemicals company’s stock worth $28,843,000 after buying an additional 3,749 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.