Frank C. Sullivan Sells 47,447 Shares of RPM International Inc. (NYSE:RPM) Stock

RPM International Inc. (NYSE:RPM) CEO Frank C. Sullivan sold 47,447 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $96.03, for a total value of $4,556,335.41. Following the completion of the sale, the chief executive officer now owns 1,117,072 shares in the company, valued at $107,272,424.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RPM International Stock Performance

Shares of NYSE:RPM opened at $96.02 on Friday. The firm has a market capitalization of $12.37 billion, a PE ratio of 24.19, a P/E/G ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.45 and a quick ratio of 1.57. The business has a 50-day moving average of $95.53 and a two-hundred day moving average of $91.56. RPM International Inc. has a 12 month low of $78.52 and a 12 month high of $107.40.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.55 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.97 billion. RPM International had a return on equity of 26.83% and a net margin of 6.96%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 5 earnings per share for the current year.

RPM International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Wednesday, October 18th were given a $0.46 dividend. This is an increase from RPM International’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.92%. RPM International’s dividend payout ratio is presently 46.35%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on RPM International from $110.00 to $106.00 in a research report on Thursday, October 5th. Morgan Stanley upped their price objective on RPM International from $88.00 to $107.00 and gave the company an “equal weight” rating in a research report on Monday, July 31st. TheStreet upgraded RPM International from a “c+” rating to a “b+” rating in a research note on Wednesday, July 26th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets upped their target price on RPM International from $119.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, RPM International has an average rating of “Hold” and a consensus price target of $104.00.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently modified their holdings of RPM. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of RPM International by 92.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 447 shares of the specialty chemicals company’s stock worth $39,000 after buying an additional 215 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of RPM International by 1,735.7% in the third quarter. Cornerstone Planning Group LLC now owns 514 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 486 shares during the period. Tobam purchased a new stake in shares of RPM International in the first quarter worth about $56,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of RPM International in the first quarter worth about $56,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in RPM International by 1,000.0% in the second quarter. Brown Brothers Harriman & Co. now owns 737 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 78.86% 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.