RPM International (NYSE:RPM) Shares Gap Down – Here’s Why

RPM International Inc. (NYSE:RPM) gapped down before the market opened on Tuesday . The stock had previously closed at $120.43, but opened at $118.00. RPM International shares last traded at $120.74, with a volume of 261,686 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RPM shares. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Monday. Mizuho lowered their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley raised their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $134.00 to $140.00 in a research report on Wednesday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

RPM International Trading Up 0.5 %

The business’s 50 day simple moving average is $131.45 and its 200-day simple moving average is $123.13. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The stock has a market capitalization of $15.75 billion, a P/E ratio of 25.65, a PEG ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. As a group, analysts forecast that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, January 17th. RPM International’s payout ratio is presently 42.77%.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. The trade was a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of RPM International stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total transaction of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,927 shares of company stock worth $1,037,214. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On RPM International

A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of RPM International by 9,945.2% during the second quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock worth $209,920,000 after buying an additional 1,930,072 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in RPM International by 2,975.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock worth $24,290,000 after acquiring an additional 194,215 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of RPM International by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,656,684 shares of the specialty chemicals company’s stock worth $320,851,000 after acquiring an additional 145,070 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of RPM International by 166.7% in the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock valued at $8,325,000 after purchasing an additional 43,000 shares during the last quarter. Finally, One Capital Management LLC lifted its position in shares of RPM International by 25.3% in the second quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after purchasing an additional 20,556 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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; insulated building cladding materials; and concrete form wall systems.