RPM International (NYSE:RPM) Shares Pass Above 200 Day Moving Average – Here’s Why

RPM International Inc. (NYSE:RPM) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $113.34 and traded as high as $120.19. RPM International shares last traded at $118.1520, with a volume of 828,983 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RPM shares. Evercore cut their target price on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Royal Bank Of Canada raised shares of RPM International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $121.00 to $132.00 in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, RPM International currently has an average rating of “Moderate Buy” and an average price target of $126.75.

RPM International Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. The company has a market cap of $15.08 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.84 and a beta of 1.10. The firm’s fifty day moving average is $109.64 and its two-hundred day moving average is $113.35.

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

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, January 16th. RPM International’s dividend payout ratio is presently 41.62%.

Insider Transactions at RPM International

In other news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the transaction, the vice president owned 21,248 shares of the company’s stock, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of RPM International during the 3rd quarter valued at about $30,000. Versant Capital Management Inc lifted its position in shares of RPM International by 48.6% in the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Ares Financial Consulting LLC bought a new position in RPM International during the fourth quarter valued at approximately $37,000. Rothschild Investment LLC grew its holdings in RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 549 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in RPM International in the 4th quarter worth approximately $60,000. 80.95% of the stock is currently owned by institutional investors.

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.