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 stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the sale, the vice president now directly owns 22,738 shares of the company’s stock, valued at $3,040,297.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RPM International Stock Down 0.2 %

RPM opened at $130.30 on Thursday. RPM International Inc. has a 12 month low of $88.84 and a 12 month high of $134.56. The company has a market cap of $16.78 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $122.55 and a 200 day moving average of $115.18.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that RPM International Inc. will post 5.55 EPS for the current 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. The ex-dividend date of this dividend is Friday, October 18th. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.57%. RPM International’s dividend payout ratio is currently 47.00%.

Institutional Investors Weigh In On RPM International

Institutional investors and hedge funds have recently modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in RPM International during the third quarter valued at approximately $35,000. Cambridge Trust Co. grew 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 purchasing an additional 246 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of RPM International by 588.9% in the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 318 shares during the period. Eastern Bank purchased a new stake in shares of RPM International in the third quarter worth $41,000. Finally, UMB Bank n.a. boosted its stake in RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RPM shares. Wells Fargo & Company upped their price objective on RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group lowered their price objective on shares of RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada increased their target price 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. Finally, Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a report on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, RPM International currently has a consensus rating of “Hold” and an average 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.