Insider Selling: RPM International (NYSE:RPM) VP Sells 3,441 Shares of Stock

RPM International Inc. (NYSE:RPM) VP Timothy Kinser sold 3,441 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction of $379,576.71. Following the sale, the vice president directly owned 21,248 shares in the company, valued at $2,343,866.88. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

RPM International Trading Down 0.8%

RPM stock traded down $0.85 during trading on Thursday, hitting $111.45. The company had a trading volume of 1,061,284 shares, compared to its average volume of 1,429,966. The firm has a 50-day moving average price of $106.51 and a 200-day moving average price of $113.55. RPM International Inc. has a 12 month low of $95.28 and a 12 month high of $129.12. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.57 and a beta of 1.11.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.21). RPM International had a net margin of 8.79% and a return on equity of 22.49%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. RPM International’s dividend payout ratio is 41.62%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPM. Versant Capital Management Inc increased its stake in RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of RPM International by 5.8% in the second quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company’s stock valued at $184,000 after buying an additional 93 shares in the last quarter. Archer Investment Corp grew its holdings in shares of RPM International by 3.1% during the third quarter. Archer Investment Corp now owns 3,598 shares of the specialty chemicals company’s stock valued at $424,000 after buying an additional 108 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of RPM International by 21.2% during the third quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 108 shares in the last quarter. Finally, First American Bank increased its position in shares of RPM International by 4.9% during the fourth quarter. First American Bank now owns 2,360 shares of the specialty chemicals company’s stock worth $245,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

RPM has been the topic of a number of recent analyst reports. Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $121.00 to $132.00 in a report on Tuesday, December 9th. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $117.00 to $115.00 in a report on Friday, January 9th. BMO Capital Markets cut their target price on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $126.00 to $129.00 in a report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.75.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.