RPM International (NYSE:RPM) Shares Cross Below 200-Day Moving Average – Time to Sell?

RPM International Inc. (NYSE:RPM)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $105.29 and traded as low as $102.28. RPM International shares last traded at $103.3370, with a volume of 993,674 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. KeyCorp lowered their price target on shares of RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Barclays initiated coverage on shares of RPM International in a research report on Tuesday, October 13th. They set an “equal weight” rating and a $107.00 price target for the company. Royal Bank Of Canada cut their price target on shares of RPM International from $128.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Finally, Citigroup cut their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.71.

RPM International Trading Down 2.0%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The stock’s 50-day simple moving average is $100.71 and its 200-day simple moving average is $105.29. The firm has a market capitalization of $13.18 billion, a PE ratio of 19.14, a P/E/G ratio of 1.83 and a beta of 1.01.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.95 by $0.03. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.88 EPS. As a group, sell-side analysts expect that RPM International Inc. will post 5.93 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, October 20th. This is a positive change from RPM International’s previous quarterly dividend of $0.54. RPM International’s payout ratio is presently 42.22%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Diversified Trust Co bought a new position in shares of RPM International during the third quarter valued at approximately $655,000. Inspire Trust Co. N.A. boosted its position in shares of RPM International by 28.6% in the 3rd quarter. Inspire Trust Co. N.A. now owns 45,000 shares of the specialty chemicals company’s stock worth $4,440,000 after purchasing an additional 10,000 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of RPM International by 55.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,394 shares of the specialty chemicals company’s stock worth $138,000 after purchasing an additional 495 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of RPM International in the 3rd quarter worth approximately $26,000. Finally, Motley Fool Asset Management LLC grew its stake in shares of RPM International by 6.1% in the 3rd quarter. Motley Fool Asset Management LLC now owns 3,376 shares of the specialty chemicals company’s stock worth $333,000 after buying an additional 194 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

RPM International Company Profile

RPM International Inc manufactures and markets specialty coatings, sealants, building materials and related products for industrial, commercial and consumer markets. Its offerings include protective paints and coatings, roofing and waterproofing systems, flooring, construction sealants and adhesives, and maintenance products.

The company sells products through a portfolio of well-known brands, including Rust-Oleum, DAP, Zinsser, Tremco, Carboline and Stonhard. Its products are used in applications ranging from home improvement and building construction to industrial and infrastructure maintenance.

RPM traces its origins to 1947, when Republic Powdered Metals was founded in Ohio.