Key Points
- VP Timothy Kinser sold 3,441 shares of RPM on Jan. 21 at an average price of $110.31 for proceeds of $379,576.71, trimming his stake by 13.94% to 21,248 shares (worth ~ $2.34M).
- Q2 results missed estimates: RPM reported $1.20 EPS vs. $1.41 expected and $1.91B revenue vs. $1.94B expected, although revenue rose 3.5% year-over-year.
- RPM declared a $0.54 quarterly dividend (annualized $2.16, yield ~1.9%; ex-dividend Jan. 16, paid Jan. 30) and holds a consensus analyst rating of "Moderate Buy" with a $126.75 target price.
RPM International Inc. (NYSE:RPM - Get Free Report) VP Timothy Kinser sold 3,441 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the transaction, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RPM International Price Performance
Shares of RPM opened at $111.45 on Friday. The company has a 50 day moving average price of $106.58 and a 200-day moving average price of $113.54. RPM International Inc. has a fifty-two week low of $95.28 and a fifty-two week high of $129.12. The stock has a market capitalization of $14.27 billion, a PE ratio of 21.47, a PEG ratio of 2.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22.
RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings data 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 business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. Equities analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.
RPM International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, January 16th. RPM International's payout ratio is presently 41.62%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of RPM International in a research note on Monday, December 29th. Bank of America upgraded shares of RPM International from a "neutral" rating to a "buy" rating and raised their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of RPM International from $138.00 to $126.00 and set a "buy" rating on the stock in a research report on Monday, January 12th. Morgan Stanley reissued a "buy" rating on shares of RPM International in a research report on Thursday, January 8th. Finally, Evercore ISI cut their price target on shares of RPM International from $145.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, November 11th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.75.
Get Our Latest Stock Analysis on RPM
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of RPM International during the third quarter worth about $30,000. Versant Capital Management Inc increased its holdings in RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company's stock worth $32,000 after buying 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 worth $72,000 after buying an additional 659 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in RPM International by 21.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company's stock valued at $73,000 after acquiring an additional 108 shares during the period. Finally, GGM Financials LLC purchased a new stake in shares of RPM International in the 3rd quarter valued at $77,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.
About RPM International
(
Get Free Report)
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.
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