RPM International Inc. (RPM) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of RPM International Inc. (NYSE:RPM) from a hold rating to a sell rating in a research report released on Thursday.

According to Zacks, “RPM Incorporated manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in both industrial and consumer applications. RPM markets its products in numerous countries and operates manufacturing facilities in the United States, Argentina, Belgium, Brazil, Canada, China, Colombia, Germany, Italy, Malaysia, Mexico, New Zealand, The Netherlands, Poland, South Africa, the United Arab Emirates and the United Kingdom. “

Several other brokerages also recently weighed in on RPM. TheStreet raised shares of RPM International from a c+ rating to a b- rating in a report on Thursday, March 16th. Seaport Global Securities raised shares of RPM International from a neutral rating to a buy rating and upped their target price for the stock from $55.00 to $60.00 in a report on Tuesday, May 16th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $49.00 target price on shares of RPM International in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $58.40.

RPM International (NYSE RPM) traded down 0.04% during midday trading on Thursday, reaching $54.87. The company had a trading volume of 191,765 shares. The firm has a 50-day moving average price of $53.97 and a 200-day moving average price of $53.41. RPM International has a 52 week low of $46.25 and a 52 week high of $56.48. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 35.13 and a beta of 1.53.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, April 6th. The specialty chemicals company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.02. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. RPM International had a return on equity of 26.36% and a net margin of 4.22%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. Analysts expect that RPM International will post $2.63 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cigna Investments Inc. New bought a new position in RPM International during the fourth quarter valued at approximately $256,000. Baltimore Washington Financial Advisors Inc. bought a new position in RPM International during the fourth quarter valued at approximately $252,000. Huntington National Bank increased its position in RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock valued at $970,000 after buying an additional 200 shares during the period. Meadow Creek Investment Management LLC increased its position in RPM International by 4.1% in the first quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 242 shares during the period. Finally, Philadelphia Trust Co. increased its position in RPM International by 8.5% in the fourth quarter. Philadelphia Trust Co. now owns 341,883 shares of the specialty chemicals company’s stock valued at $18,404,000 after buying an additional 26,833 shares during the period. 72.94% of the stock is owned by institutional investors and hedge funds.

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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