Insider Selling: RPM International Inc. (NYSE:RPM) VP Sells 3,156 Shares of Stock

RPM International Inc. (NYSE:RPM) VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This represents 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 link.

RPM International Stock Up 0.3 %

Shares of RPM International stock traded up $0.45 on Tuesday, reaching $129.62. The stock had a trading volume of 477,975 shares, compared to its average volume of 649,622. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.69 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.92 and a beta of 1.00. The company has a 50 day moving average price of $118.69 and a 200 day moving average price of $113.92. RPM International Inc. has a 1 year low of $88.84 and a 1 year high of $130.36.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. As a group, equities research analysts forecast that RPM International Inc. will post 5.49 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 18th. 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 1.57%. RPM International’s payout ratio is 47.00%.

Analysts Set New Price Targets

RPM has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Tuesday, July 16th. BMO Capital Markets reissued an “outperform” rating and set a $149.00 price target (up previously from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Mizuho lowered their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $129.70.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of RPM International by 9,945.2% in the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after purchasing an additional 1,930,072 shares during the period. Bank of New York Mellon Corp increased its stake in RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares in the last quarter. Boston Trust Walden Corp raised its stake in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after purchasing an additional 13,010 shares during the last quarter. California State Teachers Retirement System boosted its position in RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after acquiring an additional 12,791 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of RPM International by 16.5% during the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after purchasing an additional 22,388 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

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.