RPM International (NYSE:RPM) Stock Passes Above 200-Day Moving Average - Here's Why

RPM International Inc. (NYSE:RPM - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $122.37 and traded as high as $125.94. RPM International shares last traded at $125.42, with a volume of 252,809 shares trading hands.

Analyst Ratings Changes

RPM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Morgan Stanley raised their target price on RPM International from $107.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, October 4th. StockNews.com downgraded shares of RPM International from a "buy" rating to a "hold" rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their price target on RPM International from $125.00 to $134.00 and gave the company an "equal weight" rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RPM International has an average rating of "Hold" and an average target price of $131.00.

RPM International Price Performance

The business's 50 day simple moving average is $132.72 and its 200-day simple moving average is $122.47. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.98 and a beta of 1.00.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm 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%. The business's quarterly revenue 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. On average, research analysts forecast that RPM International Inc. will post 5.56 earnings per share for the current year.

RPM International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a $0.51 dividend. This is a positive change from RPM International's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, October 18th. RPM International's dividend payout ratio (DPR) is presently 42.77%.

Insiders Place Their Bets

In other news, Director Frederick R. Nance sold 594 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the sale, the director now directly owns 8,526 shares of the company's stock, valued at $1,155,017.22. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $128.75, for a total transaction of $406,335.00. Following the transaction, the vice president now directly owns 21,183 shares of the company's stock, valued at $2,727,311.25. This trade represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,083 shares of company stock valued at $1,443,549 over the last 90 days. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently made changes to their positions in RPM. Summit Financial LLC increased its stake in shares of RPM International by 5.9% in the second quarter. Summit Financial LLC now owns 2,514 shares of the specialty chemicals company's stock worth $271,000 after acquiring an additional 141 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in RPM International during the second quarter worth about $45,000. United Services Automobile Association raised its position in RPM International by 3.3% during the second quarter. United Services Automobile Association now owns 10,335 shares of the specialty chemicals company's stock valued at $1,113,000 after acquiring an additional 331 shares in the last quarter. Forsta AP Fonden lifted its holdings in RPM International by 13.2% in the second quarter. Forsta AP Fonden now owns 25,800 shares of the specialty chemicals company's stock valued at $2,778,000 after acquiring an additional 3,000 shares during the period. Finally, Achmea Investment Management B.V. increased its holdings in shares of RPM International by 4.1% during the 2nd quarter. Achmea Investment Management B.V. now owns 85,830 shares of the specialty chemicals company's stock valued at $9,242,000 after purchasing an additional 3,363 shares in the last quarter. 80.95% of the stock is currently 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.