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RPM International Inc. (NYSE:RPM - Get Rating) Director Frederick R. Nance sold 2,600 shares of the company's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $89.24, for a total transaction of $232,024.00. Following the completion of the transaction, the director now owns 9,049 shares in the company, valued at $807,532.76. The transaction was disclosed in a filing with the SEC, which is available at this link. RPM International Trading Up 1.0 %
Shares of RPM International stock traded up $0.87 during trading hours on Monday, reaching $89.69. The stock had a trading volume of 462,024 shares, compared to its average volume of 626,305. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 4.22 and a beta of 0.96. RPM International Inc. has a 1 year low of $74.56 and a 1 year high of $101.48. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. The firm has a 50 day simple moving average of $83.20 and a two-hundred day simple moving average of $84.09.
RPM International (NYSE:RPM - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.02). RPM International had a net margin of 7.33% and a return on equity of 25.57%. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company's quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities research analysts anticipate that RPM International Inc. will post 4.31 earnings per share for the current year. RPM International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. RPM International's payout ratio is 42.22%. Institutional Trading of RPM International
Large investors have recently added to or reduced their stakes in the stock. Cowa LLC lifted its stake in shares of 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 purchasing an additional 319,411 shares in the last quarter. Congress Wealth Management LLC DE purchased a new stake in shares of RPM International during the 4th quarter valued at about $10,827,000. Boston Trust Walden Corp raised its holdings in shares of RPM International by 13.1% during the 1st quarter. Boston Trust Walden Corp now owns 554,422 shares of the specialty chemicals company's stock valued at $45,152,000 after buying an additional 64,242 shares during the period. Russell Investments Group Ltd. lifted its position in RPM International by 116.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 75,698 shares of the specialty chemicals company's stock worth $5,969,000 after acquiring an additional 40,748 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in RPM International by 7.1% in the 1st quarter. GW&K Investment Management LLC now owns 608,047 shares of the specialty chemicals company's stock worth $49,519,000 after acquiring an additional 40,198 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on RPM shares. StockNews.com downgraded shares of RPM International from a "buy" rating to a "hold" rating in a research note on Friday, July 29th. TheStreet upgraded RPM International from a "c+" rating to a "b" rating in a report on Monday, July 25th. Credit Suisse Group assumed coverage on RPM International in a research note on Monday, June 27th. They issued an "outperform" rating and a $95.00 target price for the company. BMO Capital Markets decreased their price target on RPM International from $115.00 to $111.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 12th. Finally, Bank of America lowered their price target on RPM International from $90.00 to $78.00 and set an "underperform" rating for the company in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, RPM International currently has a consensus rating of "Hold" and a consensus price target of $96.75.RPM International Company Profile (Get Rating)
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.See AlsoGet a free copy of the StockNews.com research report on RPM International (RPM)How to Use the MarketBeat Dividend CalculatorTwo Appealing Biotech Stocks for Two Distinct investorsIs Tyson Foods A Buy On Post-Earnings Weakness? Is DoorDash Ready To Sprint Higher? Electric Vehicles Can Drive Alcoa Stock Higher
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