StockNews.com Downgrades RPM International (NYSE:RPM) to Hold - MarketBeat

2022-08-20 12:17:19 By : Ms. Ann Lee

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RPM International (NYSE:RPM - Get Rating) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities research analysts have also weighed in on RPM. Bank of America cut their target price on shares of RPM International from $90.00 to $78.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 13th. Credit Suisse Group began coverage on RPM International in a report on Monday, June 27th. They set an "outperform" rating and a $95.00 target price on the stock. BMO Capital Markets lowered their target price on RPM International from $115.00 to $111.00 and set an "outperform" rating for the company in a research note on Tuesday, April 12th. TheStreet raised RPM International from a "c+" rating to a "b" rating in a research note on Monday. Finally, Wells Fargo & Company lowered their price objective on RPM International from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $96.75.RPM International Trading Up 1.5 %

NYSE RPM traded up $1.30 on Friday, hitting $90.40. The company's stock had a trading volume of 1,026,127 shares, compared to its average volume of 632,602. The firm has a market cap of $11.66 billion, a P/E ratio of 23.85 and a beta of 0.92. RPM International has a 52-week low of $74.56 and a 52-week high of $101.48. The company's 50-day simple moving average is $82.84 and its 200 day simple moving average is $84.25. The company has a current ratio of 1.56, a quick ratio of 0.84 and a debt-to-equity ratio of 1.05.

RPM International (NYSE:RPM - Get Rating) last announced its quarterly earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.44 by ($0.02). The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.96 billion. RPM International had a return on equity of 25.57% and a net margin of 7.33%. The business's revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. Research analysts predict that RPM International will post 4.03 EPS for the current fiscal year. Insider Buying and Selling

In other RPM International news, CAO Michael J. Laroche sold 1,476 shares of the firm's stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $83.55, for a total transaction of $123,319.80. Following the completion of the sale, the chief accounting officer now directly owns 6,525 shares in the company, valued at approximately $545,163.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Edward W. Moore sold 2,108 shares of the company's stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $87.74, for a total transaction of $184,955.92. Following the transaction, the senior vice president now directly owns 56,086 shares of the company's stock, valued at $4,920,985.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michael J. Laroche sold 1,476 shares of RPM International stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $83.55, for a total value of $123,319.80. Following the completion of the sale, the chief accounting officer now owns 6,525 shares of the company's stock, valued at $545,163.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders. Institutional Trading of RPM International

A number of institutional investors have recently made changes to their positions in RPM. Geode Capital Management LLC lifted its position in RPM International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,601,983 shares of the specialty chemicals company's stock valued at $161,533,000 after purchasing an additional 34,887 shares during the period. GW&K Investment Management LLC lifted its holdings in shares of RPM International by 7.1% during the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company's stock valued at $49,519,000 after buying an additional 40,198 shares during the period. Boston Trust Walden Corp boosted its stake in shares of RPM International by 1.7% in the 2nd quarter. Boston Trust Walden Corp now owns 563,614 shares of the specialty chemicals company's stock worth $44,368,000 after buying an additional 9,192 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of RPM International by 4.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 334,272 shares of the specialty chemicals company's stock worth $26,314,000 after acquiring an additional 14,661 shares during the period. Finally, Cowa LLC increased its position in RPM International by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company's stock valued at $263,000 after acquiring an additional 319,411 shares during the last quarter. Hedge funds and other institutional investors own 79.96% of the company's stock. About RPM International (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.See AlsoGet a free copy of the StockNews.com research report on RPM International (RPM)The One Question You Have to Ask Before Investing in INTC Stock Home Depot: A Beautiful Boring Stock to Navigate a Bear Market Could CRISPR Therapeutics be a Moonshot Hiding in Plain Sight? Why Apple Shares May Have Room to Move Higher After Earnings Windfall Profits Have Exxon Mobil On Track For New Highs

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