RPM has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed a hold rating on shares of RPM International in a research note on Monday, July 18th. Zacks Investment Research lowered RPM International from a hold rating to a sell rating in a research note on Tuesday, June 14th. Morgan Stanley reaffirmed a buy rating on shares of RPM International in a research note on Thursday, June 16th. Seaport Global Securities lowered RPM International from an accumulate rating to a neutral rating and increased their price objective for the company from $55.00 to $57.00 in a research note on Wednesday, August 10th. Finally, Wellington Shields lowered RPM International from a buy rating to a hold rating in a research note on Wednesday, July 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $54.67.
RPM International (NYSE:RPM) opened at 49.18 on Wednesday. The firm has a 50-day moving average price of $53.22 and a 200 day moving average price of $51.34. RPM International has a 52-week low of $36.78 and a 52-week high of $55.92. The firm has a market capitalization of $6.55 billion, a P/E ratio of 18.67 and a beta of 1.38.
RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 5th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The company had revenue of $1.25 billion for the quarter. RPM International had a return on equity of 27.52% and a net margin of 7.62%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. Analysts forecast that RPM International will post $2.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 13th. This is an increase from RPM International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.44%. RPM International’s dividend payout ratio is 40.44%.
In other news, VP Barry Slifstein sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $54.27, for a total value of $54,270.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Frank C. Sullivan sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $53.56, for a total value of $3,213,600.00. Following the completion of the transaction, the chairman now owns 1,144,622 shares in the company, valued at $61,305,954.32. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new position in RPM International during the second quarter worth approximately $112,000. Fuller & Thaler Asset Management Inc. purchased a new position in RPM International during the second quarter worth approximately $115,000. Moon Capital Management LLC purchased a new position in RPM International during the second quarter worth approximately $199,000. FDx Advisors Inc. purchased a new position in RPM International during the second quarter worth approximately $205,000. Finally, Johnson Financial Group Inc. purchased a new position in RPM International during the second quarter worth approximately $250,000. Institutional investors own 72.08% of the company’s stock.
About RPM International
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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