Could RPM International Inc. (RPM) Skyrocket Even More? The Stock Just Made 52-Week High

July 13, 2018 - By Benjamin Allen

RPM International Inc. (NYSE:RPM) Logo

Investors sentiment decreased to 1.29 in Q1 2018. Its down 0.07, from 1.36 in 2017Q4. It fall, as 29 investors sold RPM International Inc. shares while 107 reduced holdings. 51 funds opened positions while 125 raised stakes. 104.65 million shares or 6.66% more from 98.12 million shares in 2017Q4 were reported.
Btim Corp reported 265,511 shares. Barclays Public Ltd owns 132,227 shares for 0% of their portfolio. Amalgamated Financial Bank stated it has 0.04% in RPM International Inc. (NYSE:RPM). Bancshares Of The West holds 0.05% of its portfolio in RPM International Inc. (NYSE:RPM) for 8,225 shares. Ontario Teachers Pension Plan Board stated it has 15,548 shares. Clark Cap Mngmt Group Inc owns 13,625 shares for 0.02% of their portfolio. Coastline Company owns 16,750 shares for 0.12% of their portfolio. Hgk Asset Mngmt Incorporated holds 1.53% of its portfolio in RPM International Inc. (NYSE:RPM) for 211,172 shares. The Connecticut-based Webster Savings Bank N A has invested 0% in RPM International Inc. (NYSE:RPM). 24,378 were accumulated by Utah Retirement. One Capital Mgmt Ltd Company holds 48,035 shares. The New Jersey-based Prudential has invested 0.01% in RPM International Inc. (NYSE:RPM). State Board Of Administration Of Florida Retirement Systems holds 0.03% or 195,112 shares in its portfolio. Bb&T Corporation stated it has 49,011 shares. Prescott Cap Ltd Liability holds 0.1% or 9,600 shares.

Since January 16, 2018, it had 0 buys, and 1 sale for $1.83 million activity.

The stock of RPM International Inc. (NYSE:RPM) hit a new 52-week high and has $63.30 target or 4.00 % above today’s $60.87 share price. The 7 months bullish chart indicates low risk for the $8.14 billion company. The 1-year high was reported on Jul, 13 by Barchart.com. If the $63.30 price target is reached, the company will be worth $325.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.93% or $0.56 during the last trading session, reaching $60.87. About 515,856 shares traded. RPM International Inc. (NYSE:RPM) has declined 4.66% since July 13, 2017 and is downtrending. It has underperformed by 17.23% the S&P500.

Analysts await RPM International Inc. (NYSE:RPM) to report earnings on July, 19 before the open. They expect $1.18 earnings per share, up 15.69 % or $0.16 from last year’s $1.02 per share. RPM’s profit will be $157.80 million for 12.90 P/E if the $1.18 EPS becomes a reality. After $0.21 actual earnings per share reported by RPM International Inc. for the previous quarter, Wall Street now forecasts 461.90 % EPS growth.

RPM International Inc. (NYSE:RPM) Ratings Coverage

Among 6 analysts covering RPM International (NYSE:RPM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. RPM International has $75 highest and $47.0 lowest target. $58.25’s average target is -4.30% below currents $60.87 stock price. RPM International had 8 analyst reports since February 14, 2018 according to SRatingsIntel. The stock of RPM International Inc. (NYSE:RPM) has “Outperform” rating given on Thursday, July 12 by BMO Capital Markets. The company was maintained on Friday, April 6 by Robert W. Baird. The stock of RPM International Inc. (NYSE:RPM) earned “Sell” rating by J.P. Morgan on Friday, March 16. Seaport Global maintained RPM International Inc. (NYSE:RPM) on Friday, April 6 with “Buy” rating. The company was initiated on Tuesday, March 27 by BMO Capital Markets. Vertical Research upgraded the shares of RPM in report on Wednesday, February 14 to “Buy” rating. The firm earned “Underweight” rating on Friday, March 16 by JP Morgan. JP Morgan upgraded RPM International Inc. (NYSE:RPM) on Monday, July 2 to “Neutral” rating.

More news for RPM International Inc. (NYSE:RPM) were recently published by: Crainscleveland.com, which released: “RPM streamlines leadership structure” on July 09, 2018. Crainscleveland.com‘s article titled: “RPM International enters pact with activist investor, makes changes aimed at ‘operational and financial improvement'” and published on June 28, 2018 is yet another important article.

RPM International Inc. manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. The company has market cap of $8.14 billion. The Company’s Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes. It has a 22.02 P/E ratio. This segment also offers corrosion-control coatings, containment linings, fire and sound proofing products, and insulation products; rolled asphalt roofing materials, chemical admixtures, and industrial epoxy flooring systems; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts, epoxy adhesives, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials, as well as specialty construction products.

RPM International Inc. (NYSE:RPM) Institutional Positions Chart

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