Insider Selling: RPM International Director Sells 1,000 Shares of Stock (RPM)
RPM International (NYSE:RPM) Director Frederick R. Nance sold 1,000 shares of RPM International stock on the open market in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $42.90, for a total transaction of $42,900.00. Following the completion of the transaction, the director now directly owns 16,898 shares of the company’s stock, valued at approximately $724,924. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of RPM International in a research note on Monday, April 14th. They set an “outperform” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of RPM International from $45.00 to $48.00 in a research note on Friday, April 4th. Finally, analysts at Morgan Stanley initiated coverage on shares of RPM International in a research note on Wednesday, March 19th. They set an “overweight” rating and a $46.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.32.
Shares of RPM International (NYSE:RPM) traded down 0.30% on Wednesday, hitting $43.33. The stock had a trading volume of 639,166 shares. RPM International has a 1-year low of $30.53 and a 1-year high of $45.47. The stock has a 50-day moving average of $42.19 and a 200-day moving average of $40.40. The company has a market cap of $5.774 billion and a price-to-earnings ratio of 23.35.
RPM International (NYSE:RPM) last announced its earnings results on Thursday, April 3rd. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.03. The company had revenue of $863.40 million for the quarter, compared to the consensus estimate of $877.67 million. During the same quarter last year, the company posted $0.07 earnings per share. RPM International’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that RPM International will post $2.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, April 9th.
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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