RPM International Inc. (RPM) Insider Ronald A. Rice Sells 44,839 Shares
RPM International Inc. (NYSE:RPM) insider Ronald A. Rice sold 44,839 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of RPM International Inc. (NYSE RPM) traded down 0.17% during mid-day trading on Tuesday, hitting $51.64. 455,773 shares of the company’s stock traded hands. RPM International Inc. has a 52 week low of $46.25 and a 52 week high of $56.48. The firm has a 50-day moving average of $50.54 and a 200 day moving average of $52.35. The company has a market cap of $6.90 billion, a PE ratio of 37.83 and a beta of 1.55.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. RPM International’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities research analysts predict that RPM International Inc. will post $2.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, October 13th. This is an increase from RPM International’s previous quarterly dividend of $0.30. RPM International’s dividend payout ratio (DPR) is currently 94.82%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in RPM. Russell Investments Group Ltd. raised its stake in RPM International by 38.8% during the first quarter. Russell Investments Group Ltd. now owns 26,586 shares of the specialty chemicals company’s stock worth $1,462,000 after buying an additional 7,436 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in RPM International by 20.9% during the first quarter. UBS Asset Management Americas Inc. now owns 91,081 shares of the specialty chemicals company’s stock worth $5,012,000 after buying an additional 15,740 shares during the last quarter. OppenheimerFunds Inc. raised its stake in RPM International by 1.4% during the first quarter. OppenheimerFunds Inc. now owns 205,603 shares of the specialty chemicals company’s stock worth $11,315,000 after buying an additional 2,825 shares during the last quarter. Teachers Advisors LLC raised its stake in RPM International by 18.5% during the first quarter. Teachers Advisors LLC now owns 137,519 shares of the specialty chemicals company’s stock worth $7,568,000 after buying an additional 21,513 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in RPM International by 9.2% during the first quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock worth $54,097,000 after buying an additional 82,981 shares during the last quarter. 73.49% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Robert W. Baird reiterated a “hold” rating and set a $56.00 target price on shares of RPM International in a research report on Friday, September 1st. TheStreet cut shares of RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. BidaskClub cut shares of RPM International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of RPM International from a “sell” rating to a “hold” rating in a research report on Saturday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.00.
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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