Insider Selling: RPM International Inc. (NYSE:RPM) CAO Sells $459,611.10 in Stock

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

RPM International Stock Performance

RPM traded up $1.11 during midday trading on Monday, reaching $127.54. The company had a trading volume of 505,469 shares, compared to its average volume of 635,225. 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 business has a 50-day moving average of $124.28 and a two-hundred day moving average of $116.13. The company has a market cap of $16.41 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.90 and a beta of 0.98. RPM International Inc. has a 1 year low of $95.44 and a 1 year high of $134.56.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $1.64 earnings per share. As a group, equities research analysts predict that RPM International Inc. will post 5.55 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. RPM International’s dividend payout ratio is 42.77%.

Hedge Funds Weigh In On RPM International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its stake in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc bought a new position in RPM International during the third quarter valued at approximately $35,000. Cambridge Trust Co. boosted its stake in RPM International by 273.3% during the first 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 boosted its stake in 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 buying an additional 318 shares during the last quarter. Finally, Eastern Bank bought a new position in RPM International during the third quarter valued at approximately $41,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RPM. BMO Capital Markets reaffirmed an “outperform” rating and set a $149.00 price target (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. Royal Bank of Canada upped their price target on RPM International from $120.00 to $126.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Friday. Mizuho reduced their price objective on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $129.70.

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.