Zacks Investment Research downgraded shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report sent to investors on Thursday, March 8th.
According to Zacks, “RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services across three segments. The three segments of RPM are Consumer, Industrial, and Specialty segments. RPM’s Industrial Products include roofing systems, sealants, corrosion control coatings, flooring coatings and other construction chemicals. Industrial companies include Stonhard, Tremco, Nullifire, Carboline, Flowcrete, Euclid Chemical, RPM Belgium and Vandex. RPM’s Consumer Products are used by professionals for home maintenance and improvement. Consumer brands include Rust-Oleum, DAP, Zinsser, Varathane, Touch ‘n Foam, and Testors. RPM’s Specialty Products include industrial cleaners, colorants, exterior finishes, specialty OEM coatings, edible coatings, restoration services equipment and specialty glazes for the pharmaceutical and food industries. Specialty segment companies include Day-Glo, Chemspec, Dryvit, Mantrose-Haeuser, Legend Brands, Guardian, Kop-Coat and TCI. “
A number of other equities analysts have also commented on RPM. Royal Bank of Canada reissued a hold rating and issued a $51.00 price target on shares of RPM International in a report on Wednesday, November 15th. TheStreet raised shares of RPM International from a c+ rating to a b- rating in a report on Tuesday, December 5th. Finally, Vertical Research raised shares of RPM International from a hold rating to a buy rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $55.17.
RPM International (RPM) opened at $49.63 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. The stock has a market capitalization of $6,735.43, a P/E ratio of 19.16, a PEG ratio of 1.80 and a beta of 1.45. RPM International has a 52-week low of $46.80 and a 52-week high of $56.69.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. analysts expect that RPM International will post 3.02 earnings per share for the current fiscal year.
In other news, SVP Edward W. Moore sold 2,578 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the completion of the sale, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at approximately $5,293,850.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Frank C. Sullivan sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the sale, the chairman now directly owns 1,188,489 shares of the company’s stock, valued at $62,253,053.82. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of RPM. Empire Life Investments Inc. purchased a new position in RPM International during the 3rd quarter valued at about $29,293,000. TimesSquare Capital Management LLC increased its stake in RPM International by 53.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock valued at $57,686,000 after purchasing an additional 393,500 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in RPM International during the 4th quarter valued at about $4,429,000. Bank of New York Mellon Corp increased its stake in RPM International by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,703,462 shares of the specialty chemicals company’s stock valued at $89,295,000 after purchasing an additional 45,811 shares in the last quarter. Finally, New Mexico Educational Retirement Board bought a new stake in RPM International during the 4th quarter valued at about $1,730,000. 75.92% of the stock is owned by institutional investors.
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About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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