Insider Selling: RPM International Inc. (NYSE:RPM) Director Sells 594 Shares of Stock

RPM International Inc. (NYSE:RPM) Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

RPM International Stock Up 0.3 %

RPM stock traded up $0.41 during mid-day trading on Thursday, hitting $135.99. 720,791 shares of the company were exchanged, compared to its average volume of 633,140. RPM International Inc. has a twelve month low of $100.56 and a twelve month high of $138.26. 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 market capitalization of $17.50 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The firm has a fifty day simple moving average of $127.24 and a 200 day simple moving average of $117.53.

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

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. RPM International’s dividend payout ratio is currently 42.77%.

Analysts Set New Price Targets

A number of research firms have issued reports on RPM. JPMorgan Chase & Co. boosted their price objective on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. 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 report on Thursday, October 3rd. Royal Bank of Canada upped their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, RPM International has an average rating of “Hold” and a consensus target price of $129.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of RPM International during the third quarter worth $330,000. Fifth Third Wealth Advisors LLC lifted its holdings in RPM International by 8.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,805 shares of the specialty chemicals company’s stock worth $581,000 after purchasing an additional 382 shares during the last quarter. Huntington National Bank increased its stake in RPM International by 1.0% during the 3rd quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 108 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after buying an additional 1,919 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of RPM International by 13.2% during the third quarter. Crossmark Global Holdings Inc. now owns 9,797 shares of the specialty chemicals company’s stock valued at $1,186,000 after purchasing an additional 1,143 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

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.