RPM International Inc. (RPM) Shares Gap Down to $50.09
RPM International Inc. (NYSE:RPM) gapped down prior to trading on Friday . The stock had previously closed at $49.76, but opened at $50.09. RPM International shares last traded at $51.37, with a volume of 139,535 shares traded.
RPM has been the subject of several research reports. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, April 12th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. RPM International has an average rating of “Hold” and a consensus target price of $49.33.
The stock has a market capitalization of $6.84 billion and a PE ratio of 21.11. The company has a 50-day moving average of $50.23 and a 200-day moving average of $45.94.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, April 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $988.60 million for the quarter. During the same quarter in the previous year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts forecast that RPM International Inc. will post $2.50 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Monday, July 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, July 14th.
In other RPM International news, COO Ronald A. Rice sold 18,822 shares of RPM International stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $51.15, for a total transaction of $962,745.30. Following the completion of the sale, the chief operating officer now directly owns 402,925 shares in the company, valued at $20,609,613.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Several large investors recently made changes to their positions in RPM. Tradition Capital Management LLC boosted its stake in shares of RPM International by 3.7% in the fourth quarter. Tradition Capital Management LLC now owns 40,710 shares of the company’s stock worth $1,793,000 after buying an additional 1,440 shares in the last quarter. Alley Co LLC boosted its stake in shares of RPM International by 0.7% in the fourth quarter. Alley Co LLC now owns 48,894 shares of the company’s stock worth $2,154,000 after buying an additional 331 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of RPM International by 17.5% in the fourth quarter. OppenheimerFunds Inc. now owns 189,718 shares of the company’s stock worth $8,360,000 after buying an additional 28,313 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of RPM International by 0.8% in the fourth quarter. Rhumbline Advisers now owns 241,795 shares of the company’s stock worth $10,653,000 after buying an additional 1,943 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of RPM International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 246,887 shares of the company’s stock worth $10,878,000 after buying an additional 3,974 shares in the last quarter.
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment.
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