RPM International Inc. (NYSE:RPM) Director John M. Ballbach acquired 3,360 shares of the stock in a transaction dated Monday, October 15th. The stock was acquired at an average cost of $59.53 per share, with a total value of $200,020.80. Following the transaction, the director now owns 13,260 shares of the company’s stock, valued at $789,367.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE RPM opened at $59.76 on Friday. RPM International Inc. has a 1-year low of $46.36 and a 1-year high of $68.13. The company has a quick ratio of 1.80, a current ratio of 2.77 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $7.90 billion, a PE ratio of 20.53, a P/E/G ratio of 2.79 and a beta of 1.43.
RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.10). RPM International had a return on equity of 22.77% and a net margin of 5.36%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company earned $0.86 EPS. RPM International’s quarterly revenue was up 8.5% on a year-over-year basis. On average, research analysts anticipate that RPM International Inc. will post 2.95 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of RPM International in the third quarter worth about $173,000. Private Asset Management Inc. acquired a new stake in RPM International during the third quarter valued at approximately $208,000. BTR Capital Management Inc. acquired a new stake in RPM International during the third quarter valued at approximately $221,000. Winfield Associates Inc. acquired a new stake in RPM International during the second quarter valued at approximately $204,000. Finally, Baltimore Washington Financial Advisors Inc. acquired a new stake in RPM International during the second quarter valued at approximately $204,000. 80.37% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on RPM shares. Bank of America raised RPM International from a “neutral” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, July 18th. JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating in a research report on Monday, July 2nd. Royal Bank of Canada reissued a “hold” rating and set a $60.00 price target on shares of RPM International in a research report on Thursday, October 4th. Seaport Global Securities reissued a “hold” rating and set a $66.00 price target on shares of RPM International in a research report on Thursday, July 26th. Finally, Vertical Research downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. RPM International currently has an average rating of “Hold” and a consensus target price of $60.00.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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