Insider Selling: RPM International Inc. (RPM) Chairman Sells 35,000 Shares of Stock
RPM International Inc. (NYSE:RPM) Chairman Frank C. Sullivan sold 35,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total value of $1,833,300.00. Following the completion of the sale, the chairman now directly owns 1,188,489 shares of the company’s stock, valued at $62,253,053.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of RPM International Inc. (NYSE:RPM) traded down $0.14 during trading on Friday, hitting $52.35. The stock had a trading volume of 626,900 shares, compared to its average volume of 1,323,283. RPM International Inc. has a 1 year low of $47.87 and a 1 year high of $56.69. The stock has a market cap of $6,990.00, a price-to-earnings ratio of 20.69, a PEG ratio of 1.88 and a beta of 1.53. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. equities analysts forecast that RPM International Inc. will post 3.02 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in RPM. Empire Life Investments Inc. purchased a new stake in shares of RPM International during the 3rd quarter valued at $29,293,000. TimesSquare Capital Management LLC increased its position in shares of RPM International by 53.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,123,600 shares of the specialty chemicals company’s stock valued at $57,686,000 after purchasing an additional 393,500 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in shares of RPM International by 28.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 667,874 shares of the specialty chemicals company’s stock valued at $36,433,000 after purchasing an additional 149,861 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of RPM International during the 2nd quarter valued at $7,218,000. Finally, Lord Abbett & CO. LLC increased its position in shares of RPM International by 9.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,007,328 shares of the specialty chemicals company’s stock valued at $54,950,000 after purchasing an additional 87,679 shares during the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on RPM shares. Royal Bank of Canada reissued a “hold” rating and issued a $51.00 price target on shares of RPM International in a research report on Wednesday, November 15th. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, TheStreet lowered RPM International from a “b” rating to a “c+” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.86.
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, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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