RPM International Inc. (RPM) Shares Gap Up to $49.49
RPM International Inc. (NYSE:RPM) gapped up before the market opened on Thursday . The stock had previously closed at $49.37, but opened at $49.49. RPM International shares last traded at $50.03, with a volume of 134,223 shares trading hands.
A number of equities research analysts have issued reports on RPM shares. Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 8th. Morgan Stanley reiterated a “buy” rating on shares of RPM International in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. RPM International has a consensus rating of “Hold” and a consensus target price of $49.33.
The company has a 50-day moving average of $50.15 and a 200-day moving average of $45.87. The stock has a market cap of $6.65 billion and a P/E ratio of 20.52.
RPM International (NYSE:RPM) last posted 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 earned $988.60 million during the quarter. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Analysts predict that RPM International Inc. will post $2.50 earnings per share for the current fiscal year.
In related news, COO Ronald A. Rice sold 18,822 shares of RPM International stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $51.15, for a total value of $962,745.30. Following the sale, the chief operating officer now directly owns 402,925 shares in the company, valued at approximately $20,609,613.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Other large investors have recently bought and sold shares of the company. Eagle Asset Management boosted its stake in 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. Nationwide Fund Advisors boosted its stake in RPM International by 24.6% in the fourth quarter. Nationwide Fund Advisors now owns 265,417 shares of the company’s stock valued at $11,694,000 after buying an additional 52,377 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in 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. California State Teachers Retirement System boosted its stake in RPM International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 246,887 shares of the company’s stock valued at $10,878,000 after buying an additional 3,974 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in 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.
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.