Michael J. Laroche Sells 3,615 Shares of RPM International Inc. (NYSE:RPM) Stock

RPM International Inc. (NYSE:RPM) CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RPM International Price Performance

RPM International stock opened at $129.51 on Wednesday. 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 firm has a market capitalization of $16.67 billion, a P/E ratio of 27.15, a PEG ratio of 1.89 and a beta of 0.99. The firm has a fifty day moving average of $124.52 and a 200-day moving average of $116.27. RPM International Inc. has a 52-week low of $95.44 and a 52-week high of $134.56.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, analysts predict that RPM International Inc. will post 5.55 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.51 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, October 18th. This represents a $2.04 annualized dividend and a yield of 1.58%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Analyst Ratings Changes

Several brokerages have weighed in on RPM. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised their price target on RPM International from $120.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price objective on shares of RPM International from $125.00 to $134.00 and gave the company an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley boosted their target price on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $129.70.

Institutional Trading of RPM International

A number of hedge funds have recently made changes to their positions in RPM. Creative Financial Designs Inc. ADV boosted its stake in shares of RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Christopher J. Hasenberg Inc acquired a new position in RPM International in the 3rd quarter worth $35,000. Cambridge Trust Co. boosted its position in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 246 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of RPM International in the third quarter worth about $41,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

About RPM International

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.