Zacks Investment Research cut shares of RPM International (NYSE:RPM) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
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. “
RPM has been the subject of several other research reports. TheStreet upgraded shares of RPM International from a c+ rating to a b- rating in a research note on Tuesday, December 5th. Vertical Research upgraded shares of RPM International from a hold rating to a buy rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada reiterated a hold rating and set a $51.00 target price on shares of RPM International in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $56.80.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. research analysts expect that RPM International will post 3.02 EPS for the current fiscal year.
In related news, Chairman Frank C. Sullivan sold 35,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the completion of the transaction, the chairman now directly owns 1,188,489 shares of the company’s stock, valued at $62,253,053.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward W. Moore sold 2,578 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total transaction of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at $5,293,850.43. 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 bought and sold shares of the stock. Amalgamated Bank raised its holdings in RPM International by 5.6% during the fourth quarter. Amalgamated Bank now owns 27,530 shares of the specialty chemicals company’s stock worth $1,443,000 after purchasing an additional 1,463 shares in the last quarter. Aperio Group LLC raised its holdings in RPM International by 6.5% during the third quarter. Aperio Group LLC now owns 27,742 shares of the specialty chemicals company’s stock worth $1,424,000 after purchasing an additional 1,696 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in RPM International by 12.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 15,993 shares of the specialty chemicals company’s stock worth $838,000 after purchasing an additional 1,787 shares in the last quarter. Flinton Capital Management LLC raised its holdings in RPM International by 24.1% during the fourth quarter. Flinton Capital Management LLC now owns 9,728 shares of the specialty chemicals company’s stock worth $510,000 after purchasing an additional 1,888 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its holdings in RPM International by 1.3% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 152,690 shares of the specialty chemicals company’s stock worth $8,004,000 after purchasing an additional 2,000 shares in the last quarter. 75.15% of the stock is owned by hedge funds and other 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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