Wells Fargo & Company Increases RPM International (NYSE:RPM) Price Target to $134.00

by · The Cerbat Gem

RPM International (NYSE:RPM – Get Free Report) had its price objective hoisted by equities researchers at Wells Fargo & Company from $125.00 to $134.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 3.94% from the company’s previous close.

A number of other equities research analysts have also commented on RPM. BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price target (up from $139.00) on shares of RPM International in a research report on Thursday. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Tuesday, July 16th. Mizuho lowered their price target on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.91.

Get Our Latest Stock Report on RPM International

RPM International Price Performance

Shares of NYSE:RPM opened at $128.92 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. RPM International has a twelve month low of $88.84 and a twelve month high of $129.91. The stock’s 50 day moving average is $118.25 and its 200-day moving average is $113.80. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.84 and a beta of 1.00.

RPM International (NYSE:RPM – Get Free Report) last issued its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. RPM International’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 earnings per share. Sell-side analysts forecast that RPM International will post 5.51 EPS for the current fiscal year.

Insider Transactions at RPM International

In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares in the company, valued at approximately $120,590,982.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after purchasing an additional 1,930,072 shares during the period. Bank of New York Mellon Corp boosted its stake in RPM International by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after purchasing an additional 61,218 shares during the period. Boston Trust Walden Corp boosted its stake in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock worth $53,765,000 after purchasing an additional 13,010 shares during the period. California State Teachers Retirement System boosted its stake in RPM International by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in RPM International by 16.5% in the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after purchasing an additional 22,388 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

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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.

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