Frederick R. Nance Sells 1,000 Shares of RPM International Inc. (NYSE:RPM) Stock

Key Points

• RPM International Inc. Director Frederick R. Nance sold 1,000 shares of stock for a total of $119,360, reducing his ownership by 11.91% and maintaining 7,394 shares valued at approximately $882,547.84.
• The company reported $1.72 EPS for the last quarter, surpassing analyst expectations, with a revenue of $2.08 billion, marking a 3.7% year-over-year increase.
• RPM International declared a quarterly dividend of $0.51 per share, yielding 1.7%, with an ex-dividend date of July 15th, and a dividend payout ratio of 38.13%.

RPM International Inc. (NYSE:RPM - Get Free Report) Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the completion of the transaction, the director directly owned 7,394 shares in the company, valued at approximately $882,547.84. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

RPM International Stock Up 0.1%

Shares of RPM traded up $0.09 during midday trading on Monday, reaching $119.74. 27,894 shares of the stock were exchanged, compared to its average volume of 772,909. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The company's 50 day moving average is $113.70 and its two-hundred day moving average is $114.52. The company has a market capitalization of $15.37 billion, a P/E ratio of 22.39, a PEG ratio of 1.49 and a beta of 1.03. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.60 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%. RPM International's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.56 earnings per share. On average, sell-side analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, July 15th. This represents a $2.04 annualized dividend and a yield of 1.7%. RPM International's dividend payout ratio is 38.13%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RPM shares. UBS Group increased their target price on RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Mizuho boosted their price objective on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Citigroup began coverage on RPM International in a research note on Monday, June 2nd. They set a "buy" rating and a $135.00 price target on the stock. Morgan Stanley raised their price objective on RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada lifted their price target on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, RPM International currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPM. Farther Finance Advisors LLC boosted its holdings in shares of RPM International by 82.1% during the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company's stock worth $89,000 after purchasing an additional 344 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of RPM International by 355.5% in the first quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company's stock valued at $591,000 after buying an additional 3,985 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after acquiring an additional 161 shares during the last quarter. Putney Financial Group LLC bought a new stake in RPM International in the fourth quarter worth $308,000. Finally, NBC Securities Inc. lifted its stake in shares of RPM International by 145,300.0% in the first quarter. NBC Securities Inc. now owns 2,908 shares of the specialty chemicals company's stock valued at $336,000 after buying an additional 2,906 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

About RPM International

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.