RPM International (NYSE:RPM) Sets New 1-Year Low – Time to Sell?

RPM International Inc. (NYSE:RPM) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $95.18 and last traded at $95.2050, with a volume of 197481 shares trading hands. The stock had previously closed at $98.86.

Analysts Set New Price Targets

A number of analysts recently commented on RPM shares. UBS Group dropped their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Mizuho set a $120.00 price objective on shares of RPM International in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Monday, December 29th. Citigroup dropped their target price on shares of RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. Finally, BMO Capital Markets cut their target price on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

RPM International Stock Down 4.2%

The company has a market capitalization of $12.13 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The company has a 50-day moving average of $110.48 and a two-hundred day moving average of $111.14. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80.

RPM International (NYSE:RPM) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. On average, research analysts predict that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 annualized dividend and a yield of 2.3%. RPM International’s payout ratio is presently 41.62%.

Insiders Place Their Bets

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the sale, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of RPM International

A number of hedge funds have recently made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab bought a new position in RPM International during the 4th quarter valued at approximately $54,307,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of RPM International in the fourth quarter worth $16,175,000. Danske Bank A S bought a new position in shares of RPM International during the third quarter valued at $17,362,000. River Road Asset Management LLC purchased a new position in shares of RPM International in the 4th quarter worth about $6,658,000. Finally, California State Teachers Retirement System boosted its stake in RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after purchasing an additional 63,532 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.