RPM International Inc. (NYSE:RPM) declared a quarterly dividend on Thursday, October 6th. Stockholders of record on Monday, October 17th will be given a dividend of 0.30 per share on Monday, October 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.37%. This is a positive change from RPM International’s previous quarterly dividend of $0.28.

RPM International (NYSE:RPM) traded down 0.61% on Thursday, hitting $50.30. The stock had a trading volume of 657,622 shares. RPM International has a 1-year low of $36.78 and a 1-year high of $55.92. The company has a 50-day moving average price of $53.48 and a 200-day moving average price of $51.32. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 19.10 and a beta of 1.38.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. The business earned $1.25 billion during the quarter. RPM International had a return on equity of 28.11% and a net margin of 7.37%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. Equities analysts predict that RPM International will post $2.77 earnings per share for the current year.

A number of research firms have weighed in on RPM. Wells Fargo & Co. reaffirmed a “buy” rating on shares of RPM International in a report on Wednesday. Zacks Investment Research lowered RPM International from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Seaport Global Securities lowered RPM International from an “accumulate” rating to a “neutral” rating and lifted their target price for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a report on Monday, July 18th. Finally, Wellington Shields lowered RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.25.

In related news, VP Matthew T. Ratajczak sold 4,152 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.04, for a total value of $224,374.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barry Slifstein sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its stake in RPM International by 2.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 31,500 shares of the company’s stock worth $1,573,000 after buying an additional 700 shares during the last quarter. US Bancorp DE increased its stake in RPM International by 2.3% in the second quarter. US Bancorp DE now owns 38,057 shares of the company’s stock worth $1,901,000 after buying an additional 871 shares during the last quarter. Teachers Advisors Inc. increased its stake in RPM International by 1.4% in the second quarter. Teachers Advisors Inc. now owns 104,503 shares of the company’s stock worth $5,220,000 after buying an additional 1,460 shares during the last quarter. Comerica Bank increased its stake in RPM International by 1.9% in the second quarter. Comerica Bank now owns 106,330 shares of the company’s stock worth $5,838,000 after buying an additional 1,978 shares during the last quarter. Finally, Keeley Asset Management Corp increased its stake in RPM International by 11.5% in the second quarter. Keeley Asset Management Corp now owns 30,755 shares of the company’s stock worth $1,536,000 after buying an additional 3,170 shares during the last quarter. Institutional investors own 72.08% of the company’s stock.

RPM International Company Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.

5 Day Chart for NYSE:RPM

Receive News & Stock Ratings for RPM International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International Inc. and related stocks with our FREE daily email newsletter.