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

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

RPM International Price Performance

Shares of NYSE RPM traded up $0.64 during mid-day trading on Friday, hitting $103.75. 659,782 shares of the company’s stock traded hands, compared to its average volume of 1,051,652. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16. RPM International Inc. has a 1 year low of $92.92 and a 1 year high of $121.78. The company’s 50-day moving average is $100.83 and its two-hundred day moving average is $105.18. The company has a market capitalization of $13.23 billion, a P/E ratio of 19.21, a PEG ratio of 1.83 and a beta of 1.01.

RPM International (NYSE:RPM) last released its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business posted $1.88 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate 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. Stockholders of record on Tuesday, October 20th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. RPM International’s dividend payout ratio is 42.22%.

Institutional Trading of RPM International

Several institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new position in shares of RPM International in the first quarter worth about $6,963,000. Commerzbank Aktiengesellschaft FI purchased a new position in RPM International in the 2nd quarter worth about $1,653,000. BlackRock Inc. purchased a new position in RPM International in the 2nd quarter worth about $1,456,684,000. Plato Investment Management Ltd bought a new stake in RPM International during the 2nd quarter valued at about $3,410,000. Finally, Man Group plc bought a new stake in RPM International during the 2nd quarter valued at about $1,833,000. Institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RPM shares. Bank of America lifted their target price on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wall Street Zen lowered RPM International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company lowered their price target on RPM International from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. KeyCorp lowered their price target on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Finally, BMO Capital Markets lifted their price objective on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.