Insider Selling: RPM International Inc. (NYSE:RPM) CAO Sells 1,476 Shares of Stock

RPM International Inc. (NYSE:RPMGet Rating) CAO Michael J. Laroche sold 1,476 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $83.55, for a total value of $123,319.80. Following the sale, the chief accounting officer now owns 6,525 shares in the company, valued at approximately $545,163.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE:RPM opened at $84.59 on Wednesday. The stock’s 50 day moving average price is $83.14 and its 200 day moving average price is $88.65. The company has a market capitalization of $10.95 billion, a PE ratio of 24.52, a P/E/G ratio of 4.36 and a beta of 0.90. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 1.03. RPM International Inc. has a 52-week low of $75.11 and a 52-week high of $101.48.

RPM International (NYSE:RPMGet Rating) last released its quarterly earnings results on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.08. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. RPM International had a return on equity of 25.48% and a net margin of 6.94%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. As a group, sell-side analysts anticipate that RPM International Inc. will post 3.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, April 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. RPM International’s dividend payout ratio is presently 46.38%.

A number of large investors have recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. lifted its position in RPM International by 0.6% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 20,339 shares of the specialty chemicals company’s stock worth $1,579,000 after acquiring an additional 120 shares during the period. CENTRAL TRUST Co lifted its position in RPM International by 10.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,374 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 132 shares during the period. Transcend Capital Advisors LLC lifted its position in RPM International by 6.6% during the 1st quarter. Transcend Capital Advisors LLC now owns 3,246 shares of the specialty chemicals company’s stock worth $264,000 after acquiring an additional 200 shares during the period. Tributary Capital Management LLC lifted its position in RPM International by 4.6% during the 4th quarter. Tributary Capital Management LLC now owns 6,145 shares of the specialty chemicals company’s stock worth $621,000 after acquiring an additional 268 shares during the period. Finally, Mutual of America Capital Management LLC lifted its position in RPM International by 0.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 114,429 shares of the specialty chemicals company’s stock worth $8,885,000 after acquiring an additional 315 shares during the period. Hedge funds and other institutional investors own 79.96% of the company’s stock.

A number of research analysts have recently commented on RPM shares. Zacks Investment Research downgraded RPM International from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a report on Monday, March 28th. Royal Bank of Canada increased their price objective on RPM International from $87.00 to $94.00 and gave the company a “sector perform” rating in a report on Monday, January 10th. JPMorgan Chase & Co. upgraded RPM International from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $85.00 to $100.00 in a report on Thursday, January 6th. Wells Fargo & Company dropped their price objective on RPM International from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Finally, TheStreet downgraded RPM International from a “b” rating to a “c+” rating in a report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.00.

About RPM International (Get Rating)

RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.

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