RPM International (NYSE:RPM) Shares Gap Down – Here’s Why

RPM International Inc. (NYSE:RPM) shares gapped down before the market opened 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.

Wall Street Analyst Weigh In

RPM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company lifted their price objective on RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on RPM International from $132.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.00.

RPM International Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 2.26 and a quick ratio of 1.48. The company has a market cap of $15.87 billion, a PE ratio of 25.85, a P/E/G ratio of 1.98 and a beta of 1.02. The business’s 50 day moving average is $131.71 and its 200-day moving average is $123.06.

RPM International (NYSE:RPM) last released 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. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company earned $1.22 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts predict that RPM International Inc. will post 5.56 EPS for the current year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.65%. RPM International’s dividend payout ratio is presently 42.77%.

Insider Activity at RPM International

In related news, CAO Michael J. Laroche sold 3,615 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 11,596 shares of the company’s stock, valued at $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 available through the SEC website. Also, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred 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 transaction, the director now directly owns 8,526 shares in the company, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. 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 ninety days. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On RPM International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its position in RPM International by 61.7% in the 3rd 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. Huntington National Bank raised its stake in shares of RPM International by 1.0% during the third quarter. Huntington National Bank now owns 10,828 shares of the specialty chemicals company’s stock worth $1,310,000 after purchasing an additional 108 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of RPM International by 12.8% during the fourth quarter. GAMMA Investing LLC now owns 2,183 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 247 shares during the last quarter. Christopher J. Hasenberg Inc purchased a new position in RPM International in the 3rd quarter valued at $35,000. Finally, LRI Investments LLC increased its stake in RPM International by 12.4% in the 3rd quarter. LRI Investments LLC now owns 2,452 shares of the specialty chemicals company’s stock valued at $297,000 after buying an additional 271 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

RPM International Company Profile

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.