Insider Selling: RPM International Inc. (NYSE:RPM) VP Sells 3,718 Shares of Stock

RPM International Inc. (NYSE:RPM) VP Tracy D. Crandall sold 3,718 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $133.71, for a total value of $497,133.78. Following the completion of the transaction, the vice president now directly owns 22,738 shares in the company, valued at $3,040,297.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

RPM International Price Performance

Shares of RPM traded down $1.59 during midday trading on Tuesday, hitting $130.68. 379,605 shares of the company traded hands, compared to its average volume of 642,789. The firm has a 50 day moving average of $121.94 and a 200-day moving average of $114.95. RPM International Inc. has a 52 week low of $88.84 and a 52 week high of $134.56. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.75 by $0.09. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. The business’s revenue was down 2.1% on a year-over-year basis. On average, analysts forecast that RPM International Inc. will post 5.55 EPS for the current fiscal year.

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a $0.51 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. RPM International’s dividend payout ratio (DPR) is presently 38.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RPM shares. Mizuho lowered their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. increased their price target on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets reissued an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Finally, Royal Bank of Canada upped their price objective on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, RPM International currently has a consensus rating of “Hold” and an average target price of $129.70.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RPM. Christopher J. Hasenberg Inc bought a new position in shares of RPM International in the 3rd quarter valued at about $35,000. Cambridge Trust Co. increased its position in shares of RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 246 shares during the period. Versant Capital Management Inc increased its holdings in RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 318 shares during the period. Eastern Bank purchased a new position in RPM International in the third quarter worth $41,000. Finally, UMB Bank n.a. lifted its stake in shares of RPM International by 369.7% during the third quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after buying an additional 281 shares during the period. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

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.