RPM International Inc. (NYSE:RPM) SVP Edward W. Moore sold 2,578 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $53.79, for a total value of $138,670.62. Following the sale, the senior vice president now owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
RPM International Inc. (NYSE RPM) traded down $1.03 during midday trading on Friday, reaching $50.99. The company had a trading volume of 923,889 shares, compared to its average volume of 1,139,378. The firm has a market capitalization of $6,953.31, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 1.86 and a beta of 1.46. RPM International Inc. has a 1-year low of $47.87 and a 1-year high of $56.69. The company has a quick ratio of 1.42, a current ratio of 2.23 and a debt-to-equity ratio of 1.17.
RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.26 billion. RPM International had a return on equity of 25.05% and a net margin of 6.80%. RPM International’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. sell-side analysts anticipate that RPM International Inc. will post 3.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, January 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.51%. RPM International’s payout ratio is currently 49.42%.
Several research firms have weighed in on RPM. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, January 9th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $51.00 price target on shares of RPM International in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.86.
A number of institutional investors have recently modified their holdings of RPM. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of RPM International by 0.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock worth $1,854,000 after purchasing an additional 200 shares in the last quarter. Eaton Vance Management bought a new position in shares of RPM International during the 2nd quarter worth about $758,000. Riverhead Capital Management LLC boosted its position in shares of RPM International by 52.5% during the 2nd 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 in the last quarter. Ameriprise Financial Inc. boosted its position in shares of RPM International by 3.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 403,387 shares of the specialty chemicals company’s stock worth $22,005,000 after purchasing an additional 12,737 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of RPM International during the 2nd quarter worth about $526,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.
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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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