Insider Selling: RPM International Inc. (RPM) SVP Sells 2,578 Shares of Stock

RPM International Inc. (NYSE:RPM) SVP Edward W. Moore sold 2,578 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the completion of the sale, the senior vice president now directly owns 98,417 shares in the company, valued at approximately $5,293,850.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RPM International Inc. (RPM) opened at $53.59 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. RPM International Inc. has a 1-year low of $47.87 and a 1-year high of $56.69. The firm has a market cap of $7,130.00, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.34 and a beta of 1.53.

RPM International (NYSE:RPM) last released its quarterly earnings data on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. sell-side analysts expect that RPM International Inc. will post 2.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.39%. RPM International’s payout ratio is currently 50.59%.

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC raised its holdings in RPM International by 2.7% during the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after purchasing an additional 57 shares in the last quarter. Flinton Capital Management LLC raised its holdings in RPM International by 52.1% during the second quarter. Flinton Capital Management LLC now owns 6,864 shares of the specialty chemicals company’s stock worth $374,000 after purchasing an additional 2,352 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in RPM International by 52.5% during the second quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock worth $416,000 after purchasing an additional 2,623 shares in the last quarter. Albion Financial Group UT raised its holdings in RPM International by 1.1% during the second quarter. Albion Financial Group UT now owns 8,583 shares of the specialty chemicals company’s stock worth $468,000 after purchasing an additional 95 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in RPM International during the second quarter worth approximately $526,000. 75.44% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on RPM shares. Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 target price on shares of RPM International in a report on Wednesday, November 15th. Finally, TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $57.86.

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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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