RPM International Inc. (NYSE:RPM) VP Tracy D. Crandall Sells 3,718 Shares

RPM International Inc. (NYSE:RPM - Get Free Report) VP Tracy D. Crandall sold 3,718 shares of RPM International stock in a transaction 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 owns 22,738 shares in the company, valued at $3,040,297.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

RPM International Stock Down 1.3 %

Shares of NYSE RPM traded down $1.69 during midday trading on Tuesday, reaching $130.58. 528,792 shares of the company's stock were exchanged, compared to its average volume of 643,520. 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 Inc. has a 52-week low of $88.84 and a 52-week high of $134.56. The business's fifty day moving average price is $121.94 and its two-hundred day moving average price is $114.95. The stock has a market capitalization of $16.81 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. RPM International's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 EPS. Analysts forecast that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. This is an increase from RPM International's previous quarterly dividend of $0.46. The ex-dividend date is Friday, October 18th. RPM International's dividend payout ratio is 38.57%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RPM. Wells Fargo & Company raised their price target on shares of RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of RPM International from $132.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. UBS Group decreased their price target on shares of RPM International from $122.00 to $117.00 and set a "neutral" rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on RPM International from $120.00 to $126.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded RPM International from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $129.70.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new position in shares of RPM International in the 3rd quarter worth approximately $41,000. Whittier Trust Co. of Nevada Inc. increased its stake in RPM International by 3.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 21,585 shares of the specialty chemicals company's stock valued at $2,612,000 after purchasing an additional 657 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of RPM International by 4.4% during the third quarter. Whittier Trust Co. now owns 43,460 shares of the specialty chemicals company's stock worth $5,259,000 after purchasing an additional 1,839 shares during the period. Fiduciary Alliance LLC bought a new position in shares of RPM International in the 3rd quarter worth about $1,095,000. Finally, Christopher J. Hasenberg Inc acquired a new position in RPM International in the third quarter valued at approximately $35,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.