RPM International (NYSE:RPM) Hits New 12-Month High at $120.64

RPM International Inc. (NYSE:RPM)’s share price hit a new 52-week high on Thursday . The company traded as high as $120.64 and last traded at $120.35, with a volume of 7376 shares traded. The stock had previously closed at $120.18.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Mizuho assumed coverage on RPM International in a report on Friday, January 12th. They issued a “buy” rating and a $128.00 price target for the company. UBS Group increased their target price on RPM International from $111.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets boosted their price target on shares of RPM International from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.80.

RPM International Trading Down 0.3 %

The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $112.00 and a 200-day simple moving average of $104.89. The company has a market cap of $15.44 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.79 and a beta of 1.04.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.01). RPM International had a return on equity of 26.71% and a net margin of 7.15%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that RPM International Inc. will post 4.96 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 19th were issued a $0.46 dividend. The ex-dividend date was Thursday, January 18th. This represents a $1.84 annualized dividend and a yield of 1.54%. RPM International’s dividend payout ratio (DPR) is 45.10%.

Insider Activity

In other news, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the completion of the sale, the director now owns 8,180 shares in the company, valued at approximately $892,029. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now directly owns 8,180 shares of the company’s stock, valued at approximately $892,029. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew T. Ratajczak sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the completion of the sale, the vice president now owns 23,451 shares of the company’s stock, valued at approximately $2,570,933.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,215 shares of company stock worth $1,112,547. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RPM International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of RPM International by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,901,546 shares of the specialty chemicals company’s stock valued at $170,341,000 after purchasing an additional 73,580 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of RPM International by 2.9% during the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after acquiring an additional 13,860 shares during the period. Cowa LLC grew its holdings in shares of RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after acquiring an additional 319,411 shares during the period. California State Teachers Retirement System increased its stake in RPM International by 6.7% in the 4th quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after purchasing an additional 15,084 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in RPM International by 1.5% during the third quarter. California Public Employees Retirement System now owns 239,153 shares of the specialty chemicals company’s stock worth $22,674,000 after purchasing an additional 3,484 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Company Profile

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.