RPM International (NYSE:RPM) Director Sells $197,127.12 in Stock

Key Points

• RPM International director Frederick Nance sold 1,896 shares for $197,127.12 at an average price of $103.97, reducing his direct stake by 19.86% to 7,651 shares.
• RPM reported quarterly earnings of $1.98 per share, beating estimates of $1.95; revenue was $2.22 billion, up 4.8% year over year.
• The company raised its quarterly dividend from $0.54 to $0.57 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $121.85.

RPM International Inc. (NYSE:RPM - Get Free Report) Director Frederick Nance sold 1,896 shares of RPM International stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $103.97, for a total value of $197,127.12. Following the sale, the director directly owned 7,651 shares in the company, valued at $795,474.47. The trade was a 19.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

RPM International Stock Performance

Shares of NYSE RPM traded down $2.56 during trading hours on Thursday, reaching $103.22. The stock had a trading volume of 720,048 shares, compared to its average volume of 1,091,324. The business's fifty day moving average is $100.83 and its two-hundred day moving average is $105.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.88 and a beta of 1.01. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $121.78.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.03. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 earnings per share. As a group, research analysts expect that RPM International Inc. will post 5.92 EPS for the current year.

RPM International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a dividend of $0.57 per share. This is an increase from RPM International's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, October 20th. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. RPM International's dividend payout ratio (DPR) is presently 42.22%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of RPM International from $128.00 to $116.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Deutsche Bank decreased their price objective on RPM International from $126.00 to $115.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Wells Fargo & Company lowered their price objective on RPM International from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Wall Street Zen cut RPM International from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Morgan Stanley cut their target price on RPM International from $117.00 to $114.00 and set an "equal weight" rating for the company in a research report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of "Moderate Buy" and an average target price of $121.85.

Institutional Trading of RPM International

Several hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in RPM International during the 1st quarter worth approximately $6,963,000. BlackRock Inc. bought a new position in RPM International in the 2nd quarter valued at $1,456,684,000. Commerzbank Aktiengesellschaft FI bought a new position in RPM International in the 2nd quarter valued at $1,653,000. Plato Investment Management Ltd bought a new position in RPM International in the 2nd quarter valued at $3,410,000. Finally, Man Group plc acquired a new position in RPM International in the second quarter worth $1,833,000. Institutional investors and hedge funds own 80.95% of the company's stock.

RPM International Company Profile

RPM International Inc. manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products. The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.