RPM International Inc. (NYSE:RPM - Get Free Report) VP Tracy D. Crandall sold 3,718 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $133.71, for a total transaction of $497,133.78. Following the completion of the sale, the vice president now owns 22,738 shares of the company's stock, valued at approximately $3,040,297.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
RPM International Stock Down 1.3 %
Shares of RPM stock opened at $130.58 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The firm's 50-day moving average is $121.94 and its 200-day moving average is $114.95. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.00 and a beta of 1.00. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $134.56.
RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business's revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. Sell-side analysts predict that RPM International Inc. will post 5.55 EPS for the current year.
RPM International Increases Dividend
Election warning coming true…
From Porter & Company | Ad
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Click here to watch it now.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, October 18th. This is a positive change from RPM International's previous quarterly dividend of $0.46. RPM International's dividend payout ratio is presently 38.57%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 3rd. UBS Group dropped their price target on shares of RPM International from $122.00 to $117.00 and set a "neutral" rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Mizuho dropped their price target on shares of RPM International from $136.00 to $134.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. Finally, Vertical Research raised shares of RPM International from a "hold" rating to a "buy" rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $129.70.
View Our Latest Report on RPM
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in shares of RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company's stock worth $209,920,000 after purchasing an additional 1,930,072 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company's stock worth $158,912,000 after purchasing an additional 61,218 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of RPM International by 2.7% during the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company's stock worth $53,765,000 after acquiring an additional 13,010 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of RPM International by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company's stock worth $29,981,000 after acquiring an additional 12,791 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of RPM International by 16.5% during the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company's stock worth $18,919,000 after acquiring an additional 22,388 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.
RPM International Company Profile
(
Get Free Report)
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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; insulated building cladding materials; and concrete form wall systems.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
