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

Shares of RPM International Inc. (NYSE:RPM) fell 7% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $50.03 and last traded at $50.87, with a volume of 3,990,497 shares changing hands. The stock had previously closed at $54.67.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. RPM International’s dividend payout ratio (DPR) is presently 90.91%.

A number of brokerages have weighed in on RPM. Wellington Shields upgraded shares of RPM International from a “hold” rating to an “accumulate” rating in a report on Friday. BidaskClub lowered shares of RPM International from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $49.00 price target on shares of RPM International in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.00.

In related news, SVP Edward W. Moore sold 10,568 shares of RPM International stock in a transaction on Friday, July 28th. The shares were sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares in the company, valued at approximately $4,816,249.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. DF Dent & Co. Inc. raised its position in 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 during the last quarter. Huntington National Bank raised its position in RPM International by 1.1% in the first quarter. Huntington National Bank now owns 17,621 shares of the specialty chemicals company’s stock valued at $970,000 after buying an additional 200 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in RPM International by 4.1% in the first quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock valued at $341,000 after buying an additional 242 shares during the last quarter. World Asset Management Inc raised its position in RPM International by 14.8% in the first quarter. World Asset Management Inc now owns 9,968 shares of the specialty chemicals company’s stock valued at $549,000 after buying an additional 1,288 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in RPM International during the first quarter valued at $738,000. Institutional investors and hedge funds own 72.56% of the company’s stock.

The firm’s 50-day moving average is $52.49 and its 200-day moving average is $53.27. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 35.49 and a beta of 1.54.

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About RPM International

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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