RPM International Inc. (NYSE:RPM) Director Frederick R. Nance Sells 594 Shares

RPM International Inc. (NYSE:RPM) Director Frederick R. Nance sold 594 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RPM International Trading Down 0.9 %

RPM stock traded down $1.27 during mid-day trading on Friday, reaching $134.72. 66,406 shares of the stock traded hands, compared to its average volume of 630,700. RPM International Inc. has a 52-week low of $100.56 and a 52-week high of $138.26. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a market cap of $17.34 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.03 and a beta of 0.99. The stock’s fifty day moving average is $127.68 and its 200-day moving average is $117.66.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts expect that RPM International Inc. will post 5.55 earnings per share for the current year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. This is a boost from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio is 42.77%.

Analysts Set New Price Targets

A number of equities research analysts have commented on RPM shares. Morgan Stanley lifted their target price on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. BMO Capital Markets reissued an “outperform” rating and set a $149.00 target price (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised their price target on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, RPM International presently has an average rating of “Hold” and a consensus price target of $129.70.

Institutional Trading of RPM International

Several hedge funds have recently modified their holdings of RPM. Pacer Advisors Inc. boosted its stake in RPM International by 9,945.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after acquiring an additional 1,930,072 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of RPM International by 4.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock worth $158,912,000 after buying an additional 61,218 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after acquiring an additional 13,010 shares in the last quarter. California State Teachers Retirement System boosted its position in RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after purchasing an additional 12,791 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of RPM International by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 241,551 shares of the specialty chemicals company’s stock worth $29,228,000 after purchasing an additional 1,919 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.