RPM International (NYSE:RPM) Shares Gap Down - Here's Why

RPM International Inc. (NYSE:RPM - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $120.43, but opened at $118.00. RPM International shares last traded at $120.74, with a volume of 261,686 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RPM shares. Morgan Stanley lifted their price target on shares of RPM International from $107.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, October 4th. UBS Group lifted their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, December 19th. StockNews.com upgraded RPM International from a "hold" rating to a "buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Wells Fargo & Company boosted their target price on RPM International from $125.00 to $134.00 and gave the stock an "equal weight" rating in a report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $131.00.

RPM International Trading Up 1.1 %

The company has a fifty day moving average of $131.57 and a two-hundred day moving average of $123.13. The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company earned $1.22 EPS. The company's quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. RPM International's dividend payout ratio (DPR) is currently 42.77%.

Insider Buying and Selling at RPM International

In other news, Director Frederick R. Nance sold 594 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Laroche sold 3,615 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $127.14, for a total transaction of $459,611.10. Following the transaction, the chief accounting officer now owns 11,596 shares in the company, valued at $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On RPM International

Several large investors have recently added to or reduced their stakes in the business. Pensionfund Sabic bought a new position in shares of RPM International in the fourth quarter valued at approximately $1,354,000. GAMMA Investing LLC raised its stake in shares of RPM International by 12.8% during the 4th quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company's stock worth $269,000 after purchasing an additional 247 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of RPM International in the 3rd quarter worth about $1,295,000. Toronto Dominion Bank increased its holdings in RPM International by 33.0% during the third quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company's stock worth $1,982,000 after buying an additional 4,062 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in RPM International by 5.8% in the third quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company's stock worth $320,851,000 after acquiring an additional 145,070 shares during the period. Institutional investors and hedge funds 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.