RPM International (NYSE:RPM) Shares Gap Down – Time to Sell?

RPM International Inc. (NYSE:RPM) shares gapped down prior to trading on Tuesday . The stock had previously closed at $120.43, but opened at $118.00. RPM International shares last traded at $120.74, with a volume of 261,686 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group raised their price target on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Mizuho lowered their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company raised RPM International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $134.00 to $140.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Trading Up 0.5 %

The company has a current ratio of 2.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $131.45 and a two-hundred day moving average of $123.13. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. RPM International’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. On average, research analysts expect that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.67%. RPM International’s payout ratio is 42.77%.

Insider Buying and Selling at RPM International

In related news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the transaction, the chief accounting officer now directly owns 11,596 shares in the company, valued at approximately $1,474,315.44. This represents a 23.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value 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 approximately $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,927 shares of company stock valued at $1,037,214 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RPM International

A number of hedge funds have recently modified their holdings of RPM. Creative Financial Designs Inc. ADV grew its position in RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 82 shares during the period. Christopher J. Hasenberg Inc bought a new stake in shares of RPM International in the 3rd quarter worth about $35,000. Eastern Bank bought a new stake in shares of RPM International in the 3rd quarter worth about $41,000. UMB Bank n.a. increased its position in shares of RPM International by 369.7% during 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 bought a new position in RPM International during the 2nd quarter valued at about $45,000. 80.95% of the stock is owned by institutional investors and hedge funds.

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.