RPM International Inc. (NYSE:RPM) SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the sale, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at approximately $5,293,850.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of RPM International Inc. (RPM) opened at $52.35 on Friday. RPM International Inc. has a 12-month low of $47.87 and a 12-month high of $56.69. The firm has a market capitalization of $6,990.00, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 1.42.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. sell-side analysts expect that RPM International Inc. will post 3.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. RPM International’s payout ratio is presently 50.59%.
A number of analysts recently issued reports on RPM shares. TheStreet cut RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. Royal Bank of Canada reissued a “hold” rating and set a $51.00 price objective on shares of RPM International in a research report on Wednesday, November 15th. Finally, Zacks Investment Research cut RPM International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $57.86.
Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 57 shares during the period. Flinton Capital Management LLC increased its stake in shares of RPM International by 52.1% in the second quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock worth $374,000 after purchasing an additional 2,352 shares during the period. Riverhead Capital Management LLC increased its stake in shares of RPM International by 52.5% in the second quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock worth $416,000 after purchasing an additional 2,623 shares during the period. Albion Financial Group UT increased its stake in shares of RPM International by 1.1% in the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after purchasing an additional 95 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of RPM International in the second quarter worth about $526,000. Institutional investors and hedge funds own 75.25% of the company’s stock.
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RPM International Company Profile
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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