RPM International (NYSE:RPM) Director Frederick Nance Sells 1,896 Shares of Company Stock

RPM International Inc. (NYSE:RPM) Director Frederick Nance sold 1,896 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $103.97, for a total transaction of $197,127.12. Following the transaction, the director owned 7,651 shares in the company, valued at approximately $795,474.47. This trade represents a 19.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RPM International Price Performance

NYSE:RPM traded down $2.56 during mid-day trading on Thursday, reaching $103.22. 720,048 shares of the company were exchanged, compared to its average volume of 1,091,324. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.57. The stock has a market cap of $13.16 billion, a PE ratio of 19.12, a PEG ratio of 1.88 and a beta of 1.01. RPM International Inc. has a 12 month low of $92.92 and a 12 month high of $121.78. The company has a fifty day moving average of $100.83 and a 200 day moving average of $105.22.

RPM International (NYSE:RPM) last announced its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. On average, research analysts anticipate that RPM International Inc. will post 5.92 EPS for the current fiscal year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were issued a $0.57 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, October 20th. RPM International’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RPM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a report on Thursday, October 22nd. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Bank of America boosted their target price on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. KeyCorp cut their price target on RPM International from $123.00 to $117.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, BMO Capital Markets raised their price target on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Hedge Funds Weigh In On RPM International

Several large investors have recently bought and sold shares of the business. Operose Advisors LLC acquired a new position in RPM International in the second quarter valued at approximately $26,000. Putney Financial Group LLC acquired a new stake in RPM International during the 3rd quarter worth $26,000. Fortitude Family Office LLC grew its holdings in RPM International by 111.4% during the 3rd quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 195 shares during the period. Root Financial Partners LLC bought a new stake in shares of RPM International during the 3rd quarter valued at $41,000. Finally, Danske Bank A S bought a new stake in shares of RPM International during the 2nd quarter valued at $47,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.