RPM International, Inc. (NYSE: RPM) is 6.17% higher on its value in year-to-date trading and has touched a low of $78.52 and a high of $120.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RPM stock was last observed hovering at around $116.85 in the last trading session, with the day’s gains setting it 1.67%.
Currently trading at $118.52, the stock is 0.80% and 5.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1.43% at the moment leaves the stock 15.88% off its SMA200. RPM registered 35.86% gain for a year compared to 6-month gain of 25.83%. The firm has a 50-day simple moving average (SMA 50) of $2.36 and a 200-day simple moving average (SMA200) of $17.27.
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The stock witnessed a 1.76% loss in the last 1 month and extending the period to 3 months gives it a 8.00%, and is 0.72% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.41% over the month.
RPM International, Inc. (RPM) has around 17274 employees, a market worth around $15.27B and $7.34B in sales. Current P/E ratio is 29.08 and Fwd P/E is 21.45. Profit margin for the company is 7.12%. Distance from 52-week low is 50.94% and -1.84% from its 52-week high. The company has generated returns on investments over the last 12 months (10.70%).
RPM International, Inc. quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $1.52B over the same period.The EPS is expected to grow by 15.26% this year, but quarterly earnings will post 1.90% year-over-year.
893 institutions hold shares in RPM International, Inc. (RPM), with institutional investors hold 83.19% of the company’s shares. The shares outstanding are 128.77M, and float is at 127.28M with Short Float at 1.15%. Institutions hold 82.18% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.99 million shares valued at $1.25 billion. The investor’s holdings represent 10.86% of the RPM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.3 million shares valued at $1.1 billion to account for 9.55% of the shares outstanding. The other top investors are Aristotle Capital Management, LLC which holds 10.39 million shares representing 8.07% and valued at over $932.61 million, while State Street Corporation holds 4.95% of the shares totaling 6.38 million with a market value of $572.77 million.
RPM International, Inc. (RPM) Insider Activity
The most recent transaction is an insider sale by Ratajczak Matthew T, the company’s VP-Global Tax and Treasurer. SEC filings show that Ratajczak Matthew T sold 6,000 shares of the company’s common stock on Feb 15 ’24 at a price of $109.63 per share for a total of $0.66 million. Following the sale, the insider now owns 23451.0 shares.
RPM International, Inc. disclosed in a document filed with the SEC on Feb 15 ’24 that Nance Frederick R. (Director) sold a total of 1,835 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $109.05 per share for $0.2 million. Following the transaction, the insider now directly holds 8180.0 shares of the RPM stock.
Still, SEC filings show that on Jan 10 ’24, Kinser Timothy R. (VP-Operations) disposed off 2,380 shares at an average price of $107.00 for $0.25 million. The insider now directly holds 20,767 shares of RPM International, Inc. (RPM).
