RPM International Inc. (NYSE:RPM - Get Free Report) Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now directly owns 8,526 shares of the company's stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
RPM International Price Performance
NYSE:RPM traded down $1.27 during mid-day trading on Friday, reaching $134.72. The stock had a trading volume of 66,406 shares, compared to its average volume of 630,700. The stock has a market capitalization of $17.34 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International Inc. has a one year low of $100.56 and a one year high of $138.26. The firm has a 50 day moving average price of $127.68 and a two-hundred day moving average price of $117.66.
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RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. As a group, analysts expect that RPM International Inc. will post 5.55 earnings per share for the current year.
RPM International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.51 dividend. 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 1.51%. The ex-dividend date of this dividend was Friday, October 18th. RPM International's payout ratio is currently 42.77%.
Analyst Upgrades and Downgrades
Several research analysts have commented on RPM shares. Deutsche Bank Aktiengesellschaft boosted their target price on RPM International from $132.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their target price on RPM International from $120.00 to $126.00 and gave the stock a "sector perform" rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $129.70.
Read Our Latest Stock Analysis on RPM International
Hedge Funds Weigh In On RPM International
Several large investors have recently modified their holdings of RPM. Creative Financial Designs Inc. ADV boosted its stake in RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new stake in RPM International in the third quarter worth about $35,000. Cambridge Trust Co. increased its stake in shares of RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 246 shares in the last quarter. Eastern Bank bought a new stake in shares of RPM International during the third quarter valued at approximately $41,000. Finally, UMB Bank n.a. boosted its position in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company's stock worth $43,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors 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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