RPM International (NYSE:RPM) Director Salvatore Fazzolari Sells 375 Shares

RPM International Inc. (NYSE:RPM) Director Salvatore Fazzolari sold 375 shares of RPM International stock in a transaction on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the sale, the director owned 21,578 shares of the company’s stock, valued at $2,323,303.26. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

RPM International Stock Down 0.2%

RPM stock traded down $0.26 during midday trading on Tuesday, reaching $108.04. 654,008 shares of the company’s stock traded hands, compared to its average volume of 785,256. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.97 and a beta of 1.03. The firm’s fifty day moving average price is $118.02 and its 200-day moving average price is $115.26. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.84 EPS. As a group, sell-side analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were paid a dividend of $0.54 per share. This is a boost from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a yield of 2.0%. RPM International’s dividend payout ratio (DPR) is presently 40.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RPM. Mizuho boosted their price target on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Wells Fargo & Company upped their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Morgan Stanley upped their target price on shares of RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. BMO Capital Markets upped their target price on shares of RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada reduced their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, RPM International has an average rating of “Moderate Buy” and a consensus target price of $130.70.

Hedge Funds Weigh In On RPM International

A number of hedge funds and other institutional investors have recently made changes to their positions in RPM. Fairway Wealth LLC boosted its holdings in shares of RPM International by 50,413.3% in the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock worth $25,536,000 after buying an additional 220,306 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of RPM International by 18.1% in the 2nd quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of 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 buying an additional 63,532 shares during the last quarter. ABN Amro Investment Solutions purchased a new position in shares of RPM International in the 2nd quarter worth about $6,553,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of RPM International by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock worth $39,143,000 after buying an additional 33,016 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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.