RPM International Inc. (NYSE:RPM) VP Matthew T. Ratajczak Sells 993 Shares

RPM International Inc. (NYSE:RPMGet Rating) VP Matthew T. Ratajczak sold 993 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $90.02, for a total value of $89,389.86. Following the sale, the vice president now owns 55,546 shares in the company, valued at $5,000,250.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

RPM International Stock Down 0.7 %

Shares of RPM stock opened at $89.73 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. RPM International Inc. has a 12 month low of $74.56 and a 12 month high of $101.48. The stock has a market cap of $11.58 billion, a P/E ratio of 23.68, a P/E/G ratio of 4.29 and a beta of 0.96. The company has a 50 day simple moving average of $83.15 and a two-hundred day simple moving average of $84.15.

RPM International (NYSE:RPMGet Rating) last announced its earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). RPM International had a return on equity of 25.57% and a net margin of 7.33%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business posted $1.28 earnings per share. RPM International’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts expect that RPM International Inc. will post 4.31 earnings per share for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. RPM International’s payout ratio is currently 42.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TheStreet raised RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. Bank of America dropped their price target on shares of RPM International from $90.00 to $78.00 and set an “underperform” rating on the stock in a report on Wednesday, July 13th. Credit Suisse Group started coverage on shares of RPM International in a report on Monday, June 27th. They set an “outperform” rating and a $95.00 price objective for the company. BMO Capital Markets dropped their target price on shares of RPM International from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Tuesday, April 12th. Finally, Wells Fargo & Company cut their target price on shares of RPM International from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $96.75.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently modified their holdings of the company. Cowa LLC lifted its position in shares of RPM International by 9,901.1% in the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 319,411 shares in the last quarter. Congress Wealth Management LLC DE bought a new position in RPM International in the 4th quarter worth approximately $10,827,000. Boston Trust Walden Corp boosted its stake in RPM International by 13.1% in the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock worth $45,152,000 after purchasing an additional 64,242 shares during the period. Russell Investments Group Ltd. boosted its position in shares of RPM International by 116.6% during the second quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company’s stock worth $5,969,000 after acquiring an additional 40,748 shares during the last quarter. Finally, GW&K Investment Management LLC grew its stake in RPM International by 7.1% during the first quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock valued at $49,519,000 after acquiring an additional 40,198 shares in the last quarter. 79.96% of the stock is currently owned by institutional investors.

About RPM International

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.

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