RPM International has recently experienced significant insider trading activity, with insiders selling a total of 11,083 shares valued at approximately $1.44 million over the last ninety days. This has raised concerns, especially as insiders now hold only 1.60% of the company's stock.
Analysts have been revising their price targets for RPM International. UBS Group, Royal Bank of Canada, BMO Capital Markets, JPMorgan Chase & Co., and Deutsche Bank have all adjusted their price targets. The consensus among analysts currently leans towards a "Hold" rating, with seven analysts recommending this stance and four suggesting a "Buy." The average target price across these evaluations stands at $131.00.
RPM International recently reported quarterly earnings per share (EPS) of $1.84, surpassing analysts' expectations. However, the company's revenue fell short of expectations, marking a 2.1% decline year-over-year. The company's return on equity stood at 26.82%, with a net margin of 8.43%.
RPM International's stock performance has been relatively stable, with a 52-week range of $100.82 to $141.79. The company maintains a market capitalization of $16.28 billion, with a debt-to-equity ratio of 0.77. Analysts forecast an EPS of 5.56 for the current year.
Recent insider transactions, including the sale of shares by Director Frederick R. Nance and CAO Michael J. Laroche, have sparked interest among investors. While insider selling can sometimes be interpreted as a lack of confidence, the substantial institutional ownership suggests that many investors still see value in RPM's offerings. The interplay between insider actions and institutional sentiment will be crucial for potential investors to monitor.