On July 5, 2023, RPM International Inc. (NYSE:RPM) saw its shares receive a “Hold” consensus rating from ten research firms, according to Bloomberg Ratings. With one analyst issuing a sell recommendation, seven suggesting a hold recommendation, and two giving a buy recommendation, the sentiment surrounding RPM International’s stock remains fairly mixed. It is also worth noting that several large investors have recently made modifications to their holdings of the company.
RPM International stands as a global manufacturer, marketer, and seller of specialty chemicals catering to various markets such as industrial, specialty, and consumer sectors. The company offers an extensive range of products including waterproofing systems, coatings for institutional roofing, sealants, tapes, residential home weatherization systems, glazing solutions, adhesives for subfloor preparation and flooring purposes, and concrete repair products.
Furthermore, RPM provides solutions designed specifically for the fire stopping and intumescent steel coating industry as well as the manufacturing sector. Its offerings also include rolled asphalt roofing materials and chemical admixtures utilized in construction projects. Additionally, the company has a diverse product portfolio encompassing insulation materials for building cladding purposes and concrete form wall systems.
In terms of investor activity related to RPM International stock holdings, several notable changes have occurred recently. Massmutual Trust Co. FSB ADV experienced an 81.0% increase in its position during the fourth quarter of an undisclosed year. As a result of this modification in holdings for Massmutual Trust Co., they now own 257 shares valued at $25,000.
Another investor that demonstrated interest in RPM International during the fourth quarter was OLD Mission Capital LLC with its new position worth $26,000. BI Asset Management Fondsmaeglerselskab A S also grew its stake in the company by 92.7% during the first quarter; they currently possess 447 shares valued at $39,000.
MinichMacGregor Wealth Management LLC entered the arena during the fourth quarter by purchasing a new stake worth $43,000. Finally, Tobam also made an investment move during the first quarter with their purchase of a new stake worth $56,000.
It is worth highlighting that institutional investors now account for 78.28% of RPM International’s stock ownership. This demonstrates a significant level of confidence from major players within the investment community.
As investors continue to evaluate RPM International Inc., it is essential to consider these details and overall market sentiment when making decisions regarding its stock. The consensus rating of “Hold” from research firms suggests that analysts remain undecided on the company’s future performance. However, it is important to note that the average target price for the next year among brokerages stands at $91.60. As always, investors are advised to conduct their own thorough research and assessment before making any investment decisions related to RPM International Inc.’s shares.
RPM International Inc.: Evaluating Recent Developments and Stock Performance
RPM International Inc.: Analyzing the Recent Developments and Stock Performance
Date: July 5, 2023
RPM International Inc., a global manufacturer and distributor of specialty chemicals for various markets, has attracted attention from research analysts recently. This article will delve into recent reports on the company’s stock by leading financial institutions along with notable insider trading activities. Additionally, we will provide an overview of RPM’s product offerings, market position, and its current stock performance.
Stock Analysis:
According to JPMorgan Chase & Co., RPM International’s target price has been adjusted from $100.00 to $90.00 with an “overweight” rating on the stock. Royal Bank of Canada also reduced the price objective from $90.00 to $84.00 in their research report. Morgan Stanley lowered their target price from $97.00 to $88.00 and maintained an “equal weight” rating on the stock. Similarly, Wells Fargo & Company decreased their price objective from $92.00 to $85.00 with an “equal weight” rating.
These updates reflect varying outlooks on the future performance of RPM International’s stock by different financial institutions. It is essential for investors and potential shareholders to consider these evaluations while making informed decisions.
Insider Trading Activities:
In April 2023, CFO Russell L. Gordon sold 11,901 shares of RPM International stock at an average price of $82.80 per share, amounting to a total value of $985,402.80. In another transaction during the same month, SVP Edward W. Moore sold 6,626 shares at an average price of $80.61 per share, totaling approximately $534,121.86.
These insider trading activities indicate that key executives within RPM International took advantage of favorable market conditions to monetize their holdings in the company’s stock.
Business Overview:
RPM International specializes in manufacturing and distributing specialty chemicals for industrial, specialty, and consumer markets across the globe. The company offers a wide range of products such as waterproofing systems, coatings, roofing materials, adhesives, sealants, flooring solutions, and concrete repair products.
RPM’s extensive product portfolio caters to diverse sectors including construction, manufacturing, oil and gas, automotive, and consumer goods. This allows the company to maintain a competitive edge by serving customers across various industries.
Stock Performance:
As of July 5th, 2023, RPM International’s stock traded on the New York Stock Exchange (NYSE) at an opening price of $89.81 per share. The company boasts a market capitalization of $11.58 billion with a price-to-earnings ratio of 22.01. Additionally, it has a PEG ratio of 1.74 and a beta value of 0.97.
RPM International’s stock performance over the past year has seen fluctuations between a low point of $78.52 and a high point of $106.50. Currently, the stock exhibits a 50-day moving average of $82.32 and a 200-day moving average of $86.01.
Financial Results:
RPM International reported favorable earnings results for the quarter ending April 6th, 2023. The company exceeded analysts’ expectations by reporting earnings per share (EPS) of $0.37 compared to the estimated $0.30 per share.
During this period, RPM achieved revenue totaling $1.52 billion— surpassing analysts’ predictions by generating higher sales compared to projected figures ($1.47 billion). Notably, RPM International exhibited growth with an increase in revenue by 5.7% year-over-year.
Conclusion:
In conclusion, RPM International Inc., known for its specialization in specialty chemicals manufacturing and distribution worldwide for various economic sectors demonstrated notable recent developments in its stock evaluation by research analysts and insiders. The company’s diverse product offerings and market position have contributed to its steady growth.
Investors should closely monitor RPM International’s stock performance, considering the evaluations provided by financial institutions. Additionally, keeping an eye on the industry trends and the company’s financial results can assist in making informed investment decisions.
Reference:
All information provided is based on publicly available sources as of July 5, 2023.