RPM International (NYSE:RPM) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

RPM International Inc. (NYSE:RPM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $122.37 and traded as high as $125.94. RPM International shares last traded at $125.42, with a volume of 252,809 shares.

Wall Street Analysts Forecast Growth

RPM has been the subject of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Royal Bank of Canada boosted their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of RPM International from $107.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, UBS Group upped 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. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, RPM International has an average rating of “Hold” and an average target price of $131.00.

RPM International Stock Performance

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. The firm has a market cap of $16.14 billion, a P/E ratio of 26.29, a P/E/G ratio of 1.98 and a beta of 1.00. The company’s 50 day moving average is $132.90 and its 200 day moving average is $122.37.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 earnings per share. As a group, equities analysts predict that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, October 18th. RPM International’s payout ratio is currently 42.77%.

Insider Buying and Selling at RPM International

In related news, VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $133.71, for a total transaction of $497,133.78. Following the transaction, the vice president now directly owns 22,738 shares of the company’s stock, valued at approximately $3,040,297.98. This represents a 14.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred on 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 approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently modified their holdings of RPM. Creative Financial Designs Inc. ADV grew its position in RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Christopher J. Hasenberg Inc acquired a new position in shares of RPM International during the third quarter valued at about $35,000. Eastern Bank bought a new stake in shares of RPM International during the third quarter worth about $41,000. UMB Bank n.a. increased its position in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after acquiring an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of RPM International in the 2nd quarter worth about $45,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

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.