RPM International Inc. (NYSE:RPM - Get Free Report) CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the sale, the chief accounting officer now owns 11,596 shares of the company's stock, valued at $1,474,315.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
RPM International Stock Up 0.9 %
Shares of RPM stock opened at $127.54 on Tuesday. RPM International Inc. has a twelve month low of $95.44 and a twelve month high of $134.56. The stock has a market cap of $16.41 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.90 and a beta of 0.98. The stock has a 50 day moving average of $124.28 and a 200 day moving average of $116.13. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77.
RPM International (NYSE:RPM - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. As a group, sell-side analysts expect that RPM International Inc. will post 5.55 EPS for the current year.
RPM International Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.51 per share. The ex-dividend date was Friday, October 18th. This is a boost from RPM International's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. RPM International's dividend payout ratio (DPR) is 42.77%.
Analyst Upgrades and Downgrades
RPM has been the subject of several research reports. Vertical Research upgraded shares of RPM International from a "hold" rating to a "buy" rating and set a $126.00 price objective for the company in a research note on Tuesday, July 16th. Royal Bank of Canada lifted their price target on RPM International from $120.00 to $126.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 3rd. BMO Capital Markets reissued an "outperform" rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. UBS Group decreased their target price on RPM International from $122.00 to $117.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Finally, 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 report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $129.70.
Get Our Latest Stock Report on RPM International
Hedge Funds Weigh In On RPM International
Large investors have recently bought and sold shares of the business. Mediolanum International Funds Ltd purchased a new stake in shares of RPM International in the first quarter valued at approximately $1,882,000. SG Americas Securities LLC increased its holdings in RPM International by 193.7% in the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company's stock worth $3,838,000 after acquiring an additional 21,282 shares in the last quarter. Transcend Capital Advisors LLC raised its position in RPM International by 22.7% during the second quarter. Transcend Capital Advisors LLC now owns 4,040 shares of the specialty chemicals company's stock worth $435,000 after acquiring an additional 748 shares during the period. Cambridge Trust Co. lifted its holdings in RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 246 shares in the last quarter. Finally, Christopher J. Hasenberg Inc acquired a new stake in shares of RPM International in the third quarter valued at about $35,000. Institutional investors and hedge funds own 80.95% of the company's stock.
About RPM International
(
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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.
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