RPM International Inc. (NYSE:RPM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.54 and last traded at $52.41, with a volume of 174,324 shares. The stock had previously closed at $51.44.

RPM has been the subject of a number of research reports. Wellington Shields lowered RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Finally, Morgan Stanley restated a “buy” rating on shares of RPM International in a research note on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.33.

The stock has a market capitalization of $6.84 billion and a PE ratio of 21.092. The company has a 50 day moving average price of $50.45 and a 200 day moving average price of $46.12.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.13%.

In related news, COO Ronald A. Rice sold 18,822 shares of the company’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $51.15, for a total transaction of $962,745.30. Following the sale, the chief operating officer now owns 402,925 shares in the company, valued at approximately $20,609,613.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of hedge funds and institutional investors have recently made changes to their positions in RPM. Tradition Capital Management LLC raised its position 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 valued at $1,793,000 after buying an additional 1,440 shares during the last quarter. Alley Co LLC raised its position 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 valued at $2,154,000 after buying an additional 331 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of RPM International by 17.5% in the fourth quarter. OppenheimerFunds Inc. now owns 189,718 shares of the company’s stock valued at $8,360,000 after buying an additional 28,313 shares during the last quarter. Rhumbline Advisers raised its position in shares of RPM International by 0.8% in the fourth quarter. Rhumbline Advisers now owns 241,795 shares of the company’s stock valued at $10,653,000 after buying an additional 1,943 shares during the last quarter. Finally, Eagle Asset Management raised its position in shares of RPM International by 101.6% in the third quarter. Eagle Asset Management now owns 546,932 shares of the company’s stock valued at $22,910,000 after buying an additional 275,690 shares during 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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