RPM International Inc. (RPM) Insider Ronald A. Rice Sells 18,000 Shares of Stock
RPM International Inc. (NYSE:RPM) insider Ronald A. Rice sold 18,000 shares of RPM International stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $48.37, for a total transaction of $870,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of RPM International Inc. (NYSE:RPM) traded up 0.86% during midday trading on Thursday, hitting $51.72. 71,617 shares of the stock were exchanged. RPM International Inc. has a 1-year low of $36.78 and a 1-year high of $55.92. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 18.97 and a beta of 1.32. The stock’s 50-day moving average price is $49.53 and its 200-day moving average price is $51.19.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.03. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The business had revenue of $1.25 billion for the quarter. During the same quarter last year, the business posted $0.74 earnings per share. RPM International’s revenue was up .5% on a year-over-year basis. On average, analysts forecast that RPM International Inc. will post $2.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, October 13th. This is a boost from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.34%. RPM International’s dividend payout ratio (DPR) is 44.12%.
A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of RPM International by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,494,219 shares of the company’s stock valued at $80,269,000 after buying an additional 13,515 shares during the period. GW&K Investment Management LLC boosted its position in shares of RPM International by 9.1% in the second quarter. GW&K Investment Management LLC now owns 1,002,994 shares of the company’s stock valued at $50,100,000 after buying an additional 83,582 shares during the period. Geode Capital Management LLC boosted its position in shares of RPM International by 3.5% in the first quarter. Geode Capital Management LLC now owns 801,545 shares of the company’s stock valued at $37,937,000 after buying an additional 26,989 shares during the period. Eaton Vance Management bought a new position in shares of RPM International during the second quarter valued at $21,042,000. Finally, Roffman Miller Associates Inc. PA boosted its position in shares of RPM International by 1.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 383,211 shares of the company’s stock valued at $19,141,000 after buying an additional 6,603 shares during the period. Institutional investors and hedge funds own 72.16% of the company’s stock.
A number of equities analysts recently weighed in on RPM shares. Zacks Investment Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, August 2nd. Seaport Global Securities downgraded shares of RPM International from an “accumulate” rating to a “neutral” rating and upped their price objective for the company from $55.00 to $57.00 in a report on Wednesday, August 10th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of RPM International in a report on Monday, July 18th. Wells Fargo & Co. reiterated a “buy” rating on shares of RPM International in a report on Wednesday, October 5th. Finally, Wellington Shields downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $58.50.
About RPM International
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.
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