RPM International Inc. (RPM) Reaches New 12-Month High at $55.71
RPM International Inc. (NYSE:RPM) hit a new 52-week high on Tuesday . The stock traded as high as $55.71 and last traded at $55.40, with a volume of 165,426 shares traded. The stock had previously closed at $55.02.
Several equities research analysts have weighed in on the company. Wellington Shields downgraded RPM International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 8th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research report on Thursday, June 16th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of RPM International in a research report on Monday, July 18th. Finally, Seaport Global Securities downgraded RPM International from an “accumulate” rating to a “neutral” rating and increased their price target for the stock from $55.00 to $57.00 in a research report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. RPM International presently has an average rating of “Hold” and a consensus target price of $53.25.
The stock has a market cap of $7.36 billion and a price-to-earnings ratio of 20.98. The stock has a 50 day moving average of $53.39 and a 200-day moving average of $49.25.
RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that RPM International Inc. will post $2.77 earnings per share for the current year.
In other RPM International news, VP Barry Slifstein sold 1,000 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $54.27, for a total value of $54,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Frank C. Sullivan sold 60,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $53.56, for a total transaction of $3,213,600.00. Following the completion of the transaction, the chairman now owns 1,144,622 shares of the company’s stock, valued at approximately $61,305,954.32. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in RPM International stock. Airain ltd acquired a new stake in shares of RPM International Inc. (NYSE:RPM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,430 shares of the company’s stock, valued at approximately $1,297,000.
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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