RPM International (NYSE:RPM) Shares Gap Down to $118.52

RPM International Inc. (NYSE:RPM - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $118.52, but opened at $115.57. RPM International shares last traded at $113.11, with a volume of 169,009 shares changing hands.

Wall Street Analysts Forecast Growth

RPM has been the topic of several recent research reports. UBS Group upped their price target on shares of RPM International from $111.00 to $121.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. Mizuho initiated coverage on shares of RPM International in a report on Friday, January 12th. They issued a "buy" rating and a $128.00 price target on the stock. Finally, BMO Capital Markets upped their price objective on shares of RPM International from $125.00 to $127.00 and gave the company an "outperform" rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $108.80.

RPM International Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 2.33 and a quick ratio of 1.45. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.78 and a beta of 1.04. The stock's 50 day simple moving average is $113.14 and its 200-day simple moving average is $105.69.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.01). RPM International had a return on equity of 26.71% and a net margin of 7.15%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. RPM International's quarterly revenue was up .0% compared to the same quarter last year. On average, analysts expect that RPM International Inc. will post 4.96 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, April 18th. RPM International's dividend payout ratio (DPR) is currently 45.10%.

Insider Buying and Selling

In other RPM International news, VP Timothy R. Kinser sold 2,380 shares of the business's stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the sale, the vice president now owns 20,767 shares of the company's stock, valued at approximately $2,222,069. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Timothy R. Kinser sold 2,380 shares of the business's stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $107.00, for a total value of $254,660.00. Following the sale, the vice president now owns 20,767 shares in the company, valued at approximately $2,222,069. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the company's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total transaction of $200,106.75. Following the transaction, the director now owns 8,180 shares in the company, valued at approximately $892,029. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,215 shares of company stock valued at $1,112,547. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in RPM International during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in RPM International by 1,735.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company's stock worth $49,000 after purchasing an additional 486 shares in the last quarter. Covestor Ltd increased its stake in RPM International by 274.8% during the 3rd quarter. Covestor Ltd now owns 566 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in RPM International during the 1st quarter worth approximately $56,000. Finally, GAMMA Investing LLC acquired a new position in RPM International during the 4th quarter worth approximately $75,000. 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.