RPM International Inc. (RPM) Trading Down 7% After Earnings Miss

Shares of RPM International Inc. (NYSE:RPM) traded down 7% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $50.03 and last traded at $50.87, with a volume of 3,990,497 shares. The stock had previously closed at $54.67.

The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. RPM International had a return on equity of 25.02% and a net margin of 3.67%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.20 annualized dividend and a yield of 2.46%. RPM International’s dividend payout ratio is currently 90.91%.

A number of analysts have recently commented on RPM shares. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, June 7th. BidaskClub raised RPM International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $49.00 price target on shares of RPM International in a research note on Tuesday, June 13th. Finally, Bank of America Corporation lowered their price target on RPM International from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. RPM International currently has a consensus rating of “Hold” and an average target price of $58.00.

In related news, SVP Edward W. Moore sold 10,568 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the transaction, the senior vice president now directly owns 92,549 shares in the company, valued at approximately $4,816,249.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of RPM International during the first quarter valued at about $116,000. Trust Co. of Vermont raised its position in shares of RPM International by 116.9% in the second quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 1,520 shares in the last quarter. Timber Hill LLC acquired a new position in shares of RPM International during the first quarter valued at about $234,000. DF Dent & Co. Inc. raised its position in shares of RPM International by 7.0% in the first quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after buying an additional 285 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of RPM International by 4.1% in the first quarter. Flinton Capital Management LLC now owns 4,512 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.

The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 35.74 and a beta of 1.54. The stock’s 50-day moving average is $53.25 and its 200 day moving average is $53.41.

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RPM International Company Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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