RPM International Inc. (NYSE:RPM) announced a quarterly dividend on Thursday, October 6th. Investors of record on Monday, October 17th will be given a dividend of 0.30 per share on Monday, October 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.37%. This is a boost from RPM International’s previous quarterly dividend of $0.28.
RPM International (NYSE:RPM) traded down 0.61% during mid-day trading on Thursday, reaching $50.30. The company had a trading volume of 657,622 shares. The firm has a 50-day moving average of $53.48 and a 200 day moving average of $51.32. The company has a market capitalization of $6.70 billion, a PE ratio of 19.10 and a beta of 1.38. RPM International has a 1-year low of $36.78 and a 1-year high of $55.92.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The business earned $1.25 billion during the quarter. RPM International had a return on equity of 28.11% and a net margin of 7.37%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. On average, analysts predict that RPM International will post $2.77 earnings per share for the current fiscal year.
RPM has been the subject of a number of analyst reports. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, August 2nd. Seaport Global Securities cut RPM International from an “accumulate” rating to a “neutral” rating and upped their price target for the stock from $55.00 to $57.00 in a research report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Morgan Stanley restated a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. Finally, Wellington Shields cut RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. RPM International currently has a consensus rating of “Hold” and an average price target of $53.25.
In other RPM International news, SVP Edward W. Moore sold 22,547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $53.90, for a total transaction of $1,215,283.30. Following the completion of the transaction, the senior vice president now owns 88,097 shares in the company, valued at approximately $4,748,428.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Barry Slifstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $54.27, for a total value of $54,270.00. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its position in RPM International by 2.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 31,500 shares of the company’s stock valued at $1,573,000 after buying an additional 700 shares in the last quarter. Paloma Partners Management Co purchased a new position in RPM International during the second quarter valued at $1,784,000. Panagora Asset Management Inc. boosted its position in RPM International by 2,225.6% in the second quarter. Panagora Asset Management Inc. now owns 119,396 shares of the company’s stock valued at $5,964,000 after buying an additional 114,262 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in RPM International by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 166,332 shares of the company’s stock valued at $8,308,000 after buying an additional 5,450 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in RPM International by 1.8% in the second quarter. Janus Capital Management LLC now owns 274,500 shares of the company’s stock valued at $13,711,000 after buying an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 72.08% of the company’s stock.
RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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