RPM International Inc. (NYSE:RPM) VP Matthew T. Ratajczak sold 696 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.77, for a total transaction of $52,039.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
RPM opened at $73.74 on Friday. The business’s 50-day moving average is $74.04 and its two-hundred day moving average is $71.64. RPM International Inc. has a 1 year low of $53.40 and a 1 year high of $77.47. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.40 and a quick ratio of 1.50. The firm has a market capitalization of $9.64 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27.
RPM International (NYSE:RPM) last issued its quarterly earnings results on Wednesday, January 8th. The specialty chemicals company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. RPM International had a return on equity of 28.74% and a net margin of 5.89%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side analysts expect that RPM International Inc. will post 3.36 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Procyon Private Wealth Partners LLC purchased a new position in shares of RPM International during the 4th quarter worth $216,000. Archer Investment Corp acquired a new position in shares of RPM International in the fourth quarter worth approximately $33,000. Geode Capital Management LLC boosted its holdings in RPM International by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 1,434,536 shares of the specialty chemicals company’s stock valued at $110,012,000 after acquiring an additional 67,752 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in RPM International by 2.7% in the fourth quarter. Baird Financial Group Inc. now owns 204,452 shares of the specialty chemicals company’s stock valued at $15,694,000 after acquiring an additional 5,409 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in RPM International by 1.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 129,083 shares of the specialty chemicals company’s stock valued at $9,908,000 after purchasing an additional 1,675 shares during the period. 77.40% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. ValuEngine cut shares of RPM International from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Gabelli reaffirmed a “buy” rating on shares of RPM International in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $73.83.
RPM International Company Profile
RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.
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