RPM International Inc. Reaches New 12-Month High at $38.32 (RPM)
Shares of RPM International (NYSE:RPM) hit a new 52-week high during trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $38.32 and last traded at $38.25, with a volume of 892,584 shares trading hands. The stock had previously closed at $37.72.
Separately, analysts at Credit Suisse raised their price target on shares of RPM International to $41.00 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $63.00.
In other RPM International news, VP Matthew Ratajczak sold 1,630 shares of the stock on the open market in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $36.79, for a total transaction of $59,967.70. Following the completion of the sale, the vice president now directly owns 43,547 shares of the company’s stock, valued at approximately $1,602,094. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
RPM International has a one year low of $25.53 and a one year high of $36.39. The stock’s 50-day moving average is $35.07 and its 200-day moving average is $32.89. The company has a market cap of $5.086 billion and a P/E ratio of 29.87.
RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Analysts expect that RPM International will post $2.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Monday, October 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, October 17th. This is a boost from RPM International’s previous quarterly dividend of $0.23.
RPM International Inc (NYSE:RPM), through its subsidiaries manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives.
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