RPM International (NYSE:RPM) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

RPM International Inc. (NYSE:RPM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $113.34 and traded as high as $120.19. RPM International shares last traded at $118.1520, with a volume of 828,983 shares traded.

Analysts Set New Price Targets

A number of brokerages have weighed in on RPM. BMO Capital Markets decreased their price target on RPM International from $152.00 to $149.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Royal Bank Of Canada raised RPM International from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $121.00 to $132.00 in a research note on Tuesday, December 9th. Finally, JPMorgan Chase & Co. upgraded RPM International from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $117.00 to $115.00 in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.75.

RPM International Trading Down 1.7%

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. The firm has a fifty day simple moving average of $109.33 and a 200-day simple moving average of $113.34. The firm has a market cap of $15.13 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). RPM International had a return on equity of 22.49% and a net margin of 8.79%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $1.39 earnings per share. RPM International’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, January 16th. RPM International’s dividend payout ratio (DPR) is 41.62%.

Insider Activity

In other news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares of the company’s stock, valued at $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of RPM International in the third quarter worth approximately $30,000. Versant Capital Management Inc grew its holdings in RPM International by 48.6% during the third quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 90 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in RPM International in the 4th quarter valued at $37,000. Rothschild Investment LLC lifted its stake in RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 549 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in RPM International during the 4th quarter worth $60,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.