RPM International (NYSE:RPM – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other equities analysts also recently issued reports on the company. Morgan Stanley cut their price target on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Citigroup raised their target price on RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a report on Friday, May 29th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $130.00 in a research report on Wednesday, May 27th. BMO Capital Markets upped their price target on RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Bank of America increased their price target on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $126.00.
View Our Latest Report on RPM International
RPM International Stock Up 0.1%
RPM International (NYSE:RPM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the company earned $1.72 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that RPM International will post 6 earnings per share for the current fiscal year.
Institutional Trading of RPM International
Institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL bought a new stake in RPM International during the second quarter worth $402,000. Gabelli Funds LLC bought a new position in RPM International in the 2nd quarter valued at $1,534,000. California State Teachers Retirement System grew its stake in RPM International by 21.7% in the 2nd 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 during the period. Ameriprise Financial Inc. increased its position in shares of RPM International by 0.3% during the 2nd 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. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of RPM International by 5.2% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,031 shares of the specialty chemicals company’s stock worth $1,321,000 after purchasing an additional 594 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.
RPM International Company Profile
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.
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