RPM International (NYSE:RPM) Director Sells $197,127.12 in Stock

RPM International Inc. (NYSE:RPM) Director Frederick Nance sold 1,896 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $103.97, for a total transaction of $197,127.12. Following the transaction, the director owned 7,651 shares in the company, valued at $795,474.47. This represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

RPM International Stock Up 0.6%

Shares of RPM stock traded up $0.64 on Friday, hitting $103.75. The company’s stock had a trading volume of 659,782 shares, compared to its average volume of 1,051,652. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. RPM International Inc. has a fifty-two week low of $92.92 and a fifty-two week high of $121.78. The firm’s fifty day moving average price is $100.83 and its 200-day moving average price is $105.18. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.83 and a beta of 1.01.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts anticipate that RPM International Inc. will post 5.92 EPS for the current year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were paid a dividend of $0.57 per share. This is a boost from RPM International’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, October 20th. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. RPM International’s dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

RPM has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on RPM International from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of RPM International in a report on Thursday, October 22nd. Citigroup decreased their target price on RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. KeyCorp decreased their target price on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Finally, Deutsche Bank dropped their price target on shares of RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of RPM International during the 2nd quarter worth about $1,456,684,000. Bank of New York Mellon Corp acquired a new stake in RPM International in the 2nd quarter valued at approximately $118,220,000. GW&K Investment Management LLC grew its holdings in RPM International by 14.4% in the 3rd quarter. GW&K Investment Management LLC now owns 709,430 shares of the specialty chemicals company’s stock valued at $70,000,000 after buying an additional 89,433 shares during the last quarter. Legal & General Group Plc acquired a new stake in RPM International in the 2nd quarter valued at approximately $37,713,000. Finally, Deutsche Bank AG bought a new position in RPM International in the 2nd quarter worth approximately $25,999,000. 80.95% of the stock is currently owned by institutional investors.

About RPM International

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.