RPM International (NYSE:RPM) VP Timothy Kinser Sells 3,441 Shares of Stock

RPM International Inc. (NYSE:RPM) VP Timothy Kinser sold 3,441 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the sale, the vice president owned 21,248 shares in the company, valued at $2,343,866.88. This represents a 13.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

RPM International Price Performance

RPM stock opened at $111.45 on Friday. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $129.12. The firm has a market capitalization of $14.27 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 2.67 and a beta of 1.11. The company has a fifty day simple moving average of $106.58 and a two-hundred day simple moving average of $113.54. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 earnings per share. Analysts anticipate that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $0.54 dividend. The ex-dividend date is Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. RPM International’s payout ratio is 41.62%.

Hedge Funds Weigh In On RPM International

A number of institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of RPM International in the third quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in RPM International by 48.6% during the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 90 shares during the period. Curio Wealth LLC raised its position in RPM International by 65,900.0% during the 2nd quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 659 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 108 shares during the period. Finally, GGM Financials LLC purchased a new stake in shares of RPM International in the 3rd quarter worth $77,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $117.00 to $115.00 in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a research note on Monday, January 12th. KeyCorp reissued a “sector weight” rating on shares of RPM International in a research report on Friday, January 9th. Finally, Evercore ISI dropped their target price on RPM International from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.75.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.