RPM International (NYSE:RPM) Stock Price Passes Above 200 Day Moving Average – What’s Next?

RPM International Inc. (NYSE:RPM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $124.34 and traded as high as $128.48. RPM International shares last traded at $128.21, with a volume of 600,425 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group boosted their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $134.00 to $140.00 in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price on RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their price target on RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, RPM International currently has a consensus rating of “Moderate Buy” and an average target price of $132.00.

RPM International Trading Up 1.3 %

The firm has a 50 day moving average of $130.16 and a 200 day moving average of $124.34. The firm has a market cap of $16.48 billion, a PE ratio of 25.34, a P/E/G ratio of 2.02 and a beta of 1.02. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the company posted $1.22 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.59%. RPM International’s dividend payout ratio is presently 40.32%.

Insider Activity

In other RPM International news, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the transaction, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at $1,474,315.44. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of institutional investors and hedge funds have recently modified their holdings of the company. 3Chopt Investment Partners LLC purchased a new position in RPM International during the second quarter valued at approximately $315,000. Strategic Investment Solutions Inc. IL bought a new position in RPM International in the 2nd quarter valued at $71,000. GAMMA Investing LLC grew its position in shares of RPM International by 107.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $234,000 after purchasing an additional 1,003 shares in the last quarter. Bangor Savings Bank increased its holdings in shares of RPM International by 4,032.6% in the third quarter. Bangor Savings Bank now owns 7,356 shares of the specialty chemicals company’s stock worth $890,000 after purchasing an additional 7,178 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of 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 hedge funds and other institutional investors.

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.