Insider Selling: RPM International Inc. (NYSE:RPM) Insider Sells 44,839 Shares of Stock

RPM International Inc. (NYSE:RPM) insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of RPM International Inc. (NYSE RPM) opened at 52.71 on Friday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 37.89 and a beta of 1.55. The company has a 50 day moving average of $51.14 and a 200-day moving average of $52.25. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. RPM International had a return on equity of 24.73% and a net margin of 3.67%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that RPM International Inc. will post $2.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from RPM International’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, October 13th. RPM International’s dividend payout ratio is presently 94.82%.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. TheStreet lowered shares of RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and set a $56.00 price objective on shares of RPM International in a research note on Friday, September 1st. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of RPM International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.00.

Several hedge funds and other institutional investors have recently modified their holdings of RPM. Russell Investments Group Ltd. raised its stake in shares of RPM International by 38.8% in the first quarter. Russell Investments Group Ltd. now owns 26,586 shares of the specialty chemicals company’s stock valued at $1,462,000 after purchasing an additional 7,436 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of RPM International by 20.9% in the first quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock valued at $5,012,000 after purchasing an additional 15,740 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of RPM International by 1.4% in the first quarter. OppenheimerFunds Inc. now owns 205,603 shares of the specialty chemicals company’s stock valued at $11,315,000 after purchasing an additional 2,825 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of RPM International by 18.5% in the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock valued at $7,568,000 after purchasing an additional 21,513 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of RPM International by 9.2% in the first quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock valued at $54,097,000 after purchasing an additional 82,981 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

About RPM International

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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