RPM International (NYSE:RPM) Director Frederick Nance Sells 1,896 Shares of Stock

RPM International Inc. (NYSE:RPM) Director Frederick Nance sold 1,896 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $103.97, for a total value of $197,127.12. Following the completion of the transaction, the director directly owned 7,651 shares in the company, valued at approximately $795,474.47. The trade was a 19.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

RPM International Stock Performance

RPM International stock opened at $103.22 on Friday. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $121.78. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The stock has a market cap of $13.16 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The stock has a 50 day moving average of $100.82 and a 200-day moving average of $105.20.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.03. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates 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 firm earned $1.88 earnings per share. On average, analysts expect that RPM International Inc. will post 5.92 EPS for the current fiscal year.

RPM International Increases Dividend

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

Hedge Funds Weigh In On RPM International

Hedge funds have recently added to or reduced their stakes in the business. Motley Fool Asset Management LLC increased its stake in RPM International by 6.1% during the third quarter. Motley Fool Asset Management LLC now owns 3,376 shares of the specialty chemicals company’s stock valued at $333,000 after purchasing an additional 194 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of RPM International by 111.4% during the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 195 shares during the period. Benedict Financial Advisors Inc. lifted its position in shares of RPM International by 0.8% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock worth $2,529,000 after buying an additional 197 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of RPM International by 8.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after buying an additional 209 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of RPM International in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

RPM has been the subject of several research analyst reports. UBS Group dropped their target price on shares of RPM International from $142.00 to $128.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. KeyCorp reduced their price target on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Thursday, October 22nd. Deutsche Bank lowered their price objective on RPM International from $126.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.85.

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.