RPM International (NYSE:RPM) Now Covered by UBS Group

Research analysts at UBS Group started coverage on shares of RPM International (NYSE:RPM) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $85.00 price target on the specialty chemicals company’s stock. UBS Group’s price target would suggest a potential upside of 24.69% from the stock’s previous close.

Several other brokerages have also weighed in on RPM. Robert W. Baird set a $72.00 price objective on shares of RPM International and gave the company a “hold” rating in a research report on Wednesday, August 21st. TheStreet raised shares of RPM International from a “c+” rating to an “a-” rating in a research report on Monday, July 22nd. ValuEngine lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Vertical Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Vertical Group raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $71.00.

NYSE RPM opened at $68.17 on Thursday. The firm has a market capitalization of $8.67 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.25. The firm’s fifty day moving average price is $67.81 and its two-hundred day moving average price is $62.76. RPM International has a 1 year low of $51.95 and a 1 year high of $70.49. The company has a current ratio of 1.61, a quick ratio of 1.04 and a debt-to-equity ratio of 1.66.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. RPM International had a net margin of 5.43% and a return on equity of 25.98%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, research analysts anticipate that RPM International will post 3.37 EPS for the current fiscal year.

In related news, Director Frederick R. Nance sold 1,100 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total value of $73,194.00. Following the transaction, the director now directly owns 16,581 shares in the company, valued at $1,103,299.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Edward W. Moore sold 6,127 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $68.47, for a total transaction of $419,515.69. Following the completion of the transaction, the senior vice president now owns 57,998 shares in the company, valued at $3,971,123.06. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RPM. TimesSquare Capital Management LLC grew its stake in shares of RPM International by 70.3% in the second quarter. TimesSquare Capital Management LLC now owns 660,600 shares of the specialty chemicals company’s stock valued at $40,369,000 after acquiring an additional 272,803 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in RPM International by 13.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,470,121 shares of the specialty chemicals company’s stock worth $89,839,000 after buying an additional 179,678 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in RPM International by 68.0% during the second quarter. Mawer Investment Management Ltd. now owns 271,461 shares of the specialty chemicals company’s stock worth $16,589,000 after buying an additional 109,865 shares in the last quarter. Coho Partners Ltd. acquired a new stake in RPM International during the second quarter worth about $6,387,000. Finally, Sterling Capital Management LLC grew its stake in RPM International by 52.0% during the second quarter. Sterling Capital Management LLC now owns 88,010 shares of the specialty chemicals company’s stock worth $5,378,000 after buying an additional 30,100 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

Read More: Hedge Funds – How They Work For Investors

Analyst Recommendations for RPM International (NYSE:RPM)

Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.