Edward W. Moore Sells 2,578 Shares of RPM International Inc. (RPM) Stock
RPM International Inc. (NYSE:RPM) SVP Edward W. Moore sold 2,578 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the transaction, the senior vice president now owns 98,417 shares in the company, valued at approximately $5,293,850.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of RPM International Inc. (NYSE RPM) traded up $0.31 during midday trading on Thursday, hitting $53.21. 235,635 shares of the stock traded hands, compared to its average volume of 1,583,943. RPM International Inc. has a 52-week low of $47.87 and a 52-week high of $56.69. The firm has a market capitalization of $7,090.00, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.34 and a beta of 1.53. 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 announced its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. sell-side analysts forecast that RPM International Inc. will post 2.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.41%. RPM International’s dividend payout ratio is currently 50.59%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock valued at $119,000 after purchasing an additional 57 shares during the period. Albion Financial Group UT raised its holdings in shares of RPM International by 1.1% during the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock valued at $468,000 after purchasing an additional 95 shares during the period. Fieldpoint Private Securities LLC raised its holdings in shares of RPM International by 1.5% during the second quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock valued at $753,000 after purchasing an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of RPM International by 0.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock valued at $1,854,000 after purchasing an additional 200 shares during the period. Finally, Oakbrook Investments LLC raised its holdings in shares of RPM International by 14.5% during the third quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock valued at $649,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 75.44% of the company’s stock.
RPM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating and issued a $51.00 target price on shares of RPM International in a report on Wednesday, November 15th. Finally, TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.86.
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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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