RPM International (NYSE:RPM) Shares Pass Above 200-Day Moving Average – What’s Next?

RPM International Inc. (NYSE:RPM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $122.37 and traded as high as $125.94. RPM International shares last traded at $125.42, with a volume of 252,809 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on RPM. BMO Capital Markets reissued an “outperform” rating and set a $149.00 price objective (up from $139.00) on shares of RPM International in a report on Thursday, October 3rd. StockNews.com cut RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price objective on RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their target price on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company increased their price objective on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $131.00.

RPM International Stock Performance

The business’s fifty day simple moving average is $132.72 and its 200-day simple moving average is $122.47. The company has a market capitalization of $15.98 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. RPM International had a return on equity of 26.82% and a net margin of 8.43%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, October 18th. RPM International’s dividend payout ratio (DPR) is presently 42.77%.

Insider Transactions at RPM International

In other news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now owns 11,596 shares of the company’s stock, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,083 shares of company stock valued at $1,443,549. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RPM International

Institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in shares of RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 82 shares during the last quarter. Christopher J. Hasenberg Inc acquired a new position in shares of RPM International during the third quarter worth $35,000. Eastern Bank purchased a new stake in shares of RPM International during the 3rd quarter valued at $41,000. UMB Bank n.a. boosted its position in shares of RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 281 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in RPM International during the 2nd quarter worth $45,000. Institutional investors own 80.95% of the company’s stock.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.