John M. Ballbach Purchases 3,360 Shares of RPM International Inc. (RPM) Stock

RPM International Inc. (NYSE:RPM) Director John M. Ballbach bought 3,360 shares of RPM International stock in a transaction dated Monday, October 15th. The stock was purchased at an average cost of $59.53 per share, with a total value of $200,020.80. Following the completion of the acquisition, the director now directly owns 13,260 shares in the company, valued at approximately $789,367.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of RPM stock opened at $59.54 on Friday. The company has a market cap of $8.67 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. RPM International Inc. has a 12-month low of $46.36 and a 12-month high of $68.13. The company has a quick ratio of 1.63, a current ratio of 2.45 and a debt-to-equity ratio of 1.33.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 3rd. The specialty chemicals company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.10). The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. RPM International had a return on equity of 23.82% and a net margin of 6.35%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. On average, equities research analysts expect that RPM International Inc. will post 3.1 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.35%. This is an increase from RPM International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, October 15th. RPM International’s dividend payout ratio is 47.95%.

RPM has been the subject of several research reports. ValuEngine raised RPM International from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. JPMorgan Chase & Co. raised RPM International from an “underweight” rating to a “neutral” rating in a research note on Monday, July 2nd. Vertical Research downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. BMO Capital Markets upped their price objective on RPM International from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, July 12th. Finally, Seaport Global Securities downgraded RPM International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $60.00.

Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its holdings in shares of RPM International by 70.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 17,432 shares of the specialty chemicals company’s stock worth $831,000 after acquiring an additional 7,200 shares during the period. Amalgamated Bank grew its holdings in shares of RPM International by 5.8% in the 1st quarter. Amalgamated Bank now owns 29,135 shares of the specialty chemicals company’s stock worth $1,389,000 after acquiring an additional 1,605 shares during the period. Winfield Associates Inc. acquired a new stake in shares of RPM International in the 2nd quarter worth approximately $204,000. Raymond James Trust N.A. grew its holdings in shares of RPM International by 62.7% in the 2nd quarter. Raymond James Trust N.A. now owns 16,311 shares of the specialty chemicals company’s stock worth $951,000 after acquiring an additional 6,286 shares during the period. Finally, Oakbrook Investments LLC grew its holdings in shares of RPM International by 151.5% in the 2nd quarter. Oakbrook Investments LLC now owns 12,450 shares of the specialty chemicals company’s stock worth $726,000 after acquiring an additional 7,500 shares during the period. 79.99% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

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.

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