RPM International Inc. (NYSE:RPM) – Equities research analysts at KeyCorp raised their Q4 2018 earnings per share estimates for RPM International in a report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst M. Sison now expects that the specialty chemicals company will post earnings per share of $1.27 for the quarter, up from their previous estimate of $1.21.
RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS.
Shares of RPM International (NYSE RPM) opened at $48.15 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. The stock has a market cap of $6,436.02, a PE ratio of 17.70, a PEG ratio of 1.72 and a beta of 1.46. RPM International has a 1-year low of $46.80 and a 1-year high of $56.69.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oakbrook Investments LLC raised its stake in RPM International by 14.5% during the 3rd quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after acquiring an additional 1,600 shares during the period. Janney Montgomery Scott LLC raised its stake in RPM International by 8.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock worth $1,886,000 after acquiring an additional 2,899 shares during the period. Nomura Holdings Inc. bought a new stake in RPM International during the 2nd quarter worth approximately $602,000. Crossmark Global Holdings Inc. bought a new stake in RPM International during the 3rd quarter worth approximately $3,973,000. Finally, California Public Employees Retirement System raised its stake in RPM International by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 280,842 shares of the specialty chemicals company’s stock worth $14,418,000 after acquiring an additional 17,242 shares during the period. Institutional investors own 75.59% of the company’s stock.
In other RPM International news, SVP Edward W. Moore sold 2,578 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the sale, the senior vice president now owns 98,417 shares in the company, valued at approximately $5,293,850.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Frank C. Sullivan sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the sale, the chairman now owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Tuesday, January 16th. RPM International’s dividend payout ratio (DPR) is presently 49.42%.
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RPM International Company Profile
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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