Frank C. Sullivan Sells 58,000 Shares of RPM International Inc. (NYSE:RPM) Stock

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RPM International Inc. (NYSE:RPM) CEO Frank C. Sullivan sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.27, for a total value of $4,307,660.00. Following the completion of the transaction, the chief executive officer now owns 1,100,632 shares in the company, valued at approximately $81,743,938.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

RPM International stock opened at $74.00 on Thursday. RPM International Inc. has a 12 month low of $53.40 and a 12 month high of $77.47. The company has a current ratio of 2.40, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90. The business’s 50 day simple moving average is $74.72 and its 200 day simple moving average is $70.14. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.21 and a beta of 1.26.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Wednesday, January 8th. The specialty chemicals company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. RPM International had a return on equity of 28.74% and a net margin of 5.89%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. RPM International’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that RPM International Inc. will post 3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.44 annualized dividend and a yield of 1.95%. RPM International’s payout ratio is 53.14%.

Hedge funds have recently modified their holdings of the business. Bartlett & Co. LLC bought a new stake in RPM International during the 3rd quarter valued at $28,000. Resources Management Corp CT ADV bought a new stake in RPM International during the 3rd quarter valued at $50,000. Bridger Capital Management LLC bought a new stake in RPM International during the 3rd quarter valued at $58,000. Schroder Investment Management Group bought a new stake in RPM International during the 2nd quarter valued at $75,000. Finally, Neo Ivy Capital Management bought a new stake in RPM International during the 3rd quarter valued at $96,000. 75.97% of the stock is currently owned by institutional investors and hedge funds.

RPM has been the topic of a number of research analyst reports. UBS Group initiated coverage on RPM International in a research note on Thursday, October 10th. They issued a “buy” rating and a $85.00 target price on the stock. Wells Fargo & Co began coverage on RPM International in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $80.00 price objective on the stock. Vertical Group upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. ValuEngine downgraded RPM International from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, Vertical Research upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. RPM International has a consensus rating of “Hold” and an average price target of $73.83.

About RPM International

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

Read More: Why do analysts give a neutral rating?

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