RPM International Inc. (NYSE:RPM) CEO Frank C. Sullivan Sells 57,083 Shares

RPM International Inc. (NYSE:RPM) CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the transaction, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RPM International Stock Performance

Shares of RPM traded down $0.15 during midday trading on Monday, reaching $116.29. 398,750 shares of the stock were exchanged, compared to its average volume of 629,144. The business’s 50-day moving average price is $112.19 and its 200 day moving average price is $112.09. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $122.92. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.73 and a beta of 1.00.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, hitting analysts’ consensus estimates of $1.56. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, sell-side analysts expect that RPM International Inc. will post 5.51 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.58%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio (DPR) is presently 42.40%.

Hedge Funds Weigh In On RPM International

Several institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in RPM International by 9,945.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,949,479 shares of the specialty chemicals company’s stock valued at $209,920,000 after acquiring an additional 1,930,072 shares during the period. Bank of New York Mellon Corp increased its position in RPM International by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,475,784 shares of the specialty chemicals company’s stock valued at $158,912,000 after acquiring an additional 61,218 shares during the period. Boston Trust Walden Corp increased its position in RPM International by 2.7% in the 2nd quarter. Boston Trust Walden Corp now owns 499,301 shares of the specialty chemicals company’s stock valued at $53,765,000 after acquiring an additional 13,010 shares during the period. California State Teachers Retirement System increased its position in RPM International by 5.3% in the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock valued at $29,981,000 after acquiring an additional 12,791 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in RPM International by 337.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after purchasing an additional 170,369 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their target price on RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company raised their price target on RPM International from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, UBS Group cut their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and three have issued 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 $122.33.

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.