Insider Buying: RPM International Inc. (RPM) Director Acquires 3,360 Shares of Stock

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.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th will be given a $0.35 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.34%. RPM International’s dividend payout ratio is presently 47.95%.

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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