RPM International Inc. (NYSE:RPM) VP Sells $497,133.78 in Stock

RPM International Inc. (NYSE:RPM) VP Tracy D. Crandall sold 3,718 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

RPM International Stock Performance

Shares of RPM opened at $130.22 on Friday. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.95 and a beta of 1.00. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $122.81 and its two-hundred day moving average is $115.28. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $134.56.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company posted $1.64 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts forecast that RPM International Inc. will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a dividend of $0.51 per share. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of RPM. Christopher J. Hasenberg Inc bought a new position in RPM International during the 3rd quarter worth approximately $35,000. Cambridge Trust Co. raised its position in shares of RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 246 shares in the last quarter. Versant Capital Management Inc raised its position in shares of RPM International by 588.9% during the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares in the last quarter. Eastern Bank bought a new position in RPM International during the third quarter worth $41,000. Finally, UMB Bank n.a. boosted its holdings in RPM International by 369.7% in the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares during the period. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RPM has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Mizuho decreased their price target on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 16th. UBS Group decreased their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.70.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.