Posted by admin on Aug 9th, 2022

RPM International Inc. (NYSE:RPM – Get Rating) Director Frederick R. Nance sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $89.24, for a total transaction of $232,024.00. Following the sale, the director now owns 9,049 shares of the company’s stock, valued at approximately $807,532.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of NYSE:RPM opened at $89.69 on Tuesday. RPM International Inc. has a fifty-two week low of $74.56 and a fifty-two week high of $101.48. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.05. The firm’s 50-day simple moving average is $83.18 and its 200-day simple moving average is $84.10. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 4.22 and a beta of 0.96.

RPM International (NYSE:RPM – Get Rating) last announced its quarterly earnings data on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.96 billion. RPM International had a net margin of 7.33% and a return on equity of 25.57%. RPM International’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. As a group, equities research analysts predict that RPM International Inc. will post 4.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Thursday, July 14th. RPM International’s dividend payout ratio (DPR) is currently 42.22%.

A number of equities research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a research report on Wednesday, July 13th. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. BMO Capital Markets cut their price target on RPM International from $115.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. Finally, Credit Suisse Group began coverage on shares of RPM International in a research report on Monday, June 27th. They issued an “outperform” rating and a $95.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.75.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cowa LLC boosted its holdings in RPM International by 9,901.1% during the first quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 319,411 shares in the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of RPM International in the 4th quarter worth approximately $10,827,000. Boston Trust Walden Corp raised its holdings in RPM International by 13.1% during the first quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company’s stock worth $45,152,000 after purchasing an additional 64,242 shares during the last quarter. Russell Investments Group Ltd. boosted its position in RPM International by 116.6% during the second quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company’s stock worth $5,969,000 after purchasing an additional 40,748 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in RPM International by 7.1% in the first quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company’s stock valued at $49,519,000 after purchasing an additional 40,198 shares during the last quarter. 79.96% of the stock is owned by institutional investors and hedge funds.

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.

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