RPM International (RPM) is Downgraded by Wellington Shields to Hold

RPM International (RPM) was Downgraded by Wellington Shields to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Wellington Shields advised their investors in a research report released on Jul 13, 2016.

On the company’s financial health, RPM International reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 6, 2016. Analyst had a consensus of $0.15. The company had revenue of $988.60 million for the quarter, compared to analysts expectations of $995.37 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

RPM International closed down -0.08 points or -0.16% at $51.44 with 5,79,976 shares getting traded on Monday. Post opening the session at $51.67, the shares hit an intraday low of $51.32 and an intraday high of $51.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 21, 2016, Ronald A Rice (President and COO) sold 18,822 shares at $51.15 per share price. According to the SEC, on Jan 21, 2016, Matthew T Ratajczak (VP-Global Tax and Treasurer) sold 5,114 shares at $39.03 per share price. On Jan 19, 2016, Janeen B. Kastner (VP Corp. Benefits/Risk Mgmt.) purchased 1,000 shares at $39.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company operates through two segments which include industrial segment and consumer segment. Its industrial segment products are sold throughout North America. Its industrial product lines are sold directly to contractors distributors and end users. The Company’s consumer segment manufactures and markets professional use and do-it-yourself (DIY) products for a range of consumer applications including home improvement and personal leisure activities. Its family of products includes those marketed under brand names such as API Carboline CAVE DAP Day-Glo Dri-Eaz Dryvit Euclid EUCO Fibergrate Flecto Flowcrete Grupo PV Hummervoll illbruck Mohawk Rust-Oleum Stonhard TCI Toxement Tremco Tuf-Strand Universal Sealants Viapol Watco and Zinsser.

RPM International

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