Rpm stock price forecast for Q3 2024 points to a possible 5–7%

RPM stock price forecast for Q3 2024 points to a possible 5–7% upside as raw material costs stabilize and housing renovation demand improves post-spring season. Traders are watching the 50-day moving average as a key technical support around $101. Operating cash flow was $237.5 million, compared with $248.1 million a year earlier. Capital expenditures increased to $62.5 million, and shareholder returns totaled $82.0 million. Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its stake in shares of RPM International by 5.8% during the 2nd quarter. Lazard Asset Management LLC now owns 1,685 shares of the specialty chemicals company's stock worth $184,000 after acquiring an additional 93 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in RPM International by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock valued at $1,704,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC increased its position in shares of RPM International by 7.4% in the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock valued at $271,000 after buying an additional 161 shares in the last quarter. Finally, Archer Investment Corp raised its stake in shares of RPM International by 21.2% during the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock worth $133,000 after buying an additional 201 shares during the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at RPM International In related news, Director Frederick R. Nance sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director directly owned 7,394 shares in the company, valued at approximately $882,547.84. The trade was a 11.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 1.60% of the company's stock. RPM International Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. This is a positive change from RPM International's previous quarterly dividend of $0.51. RPM International's dividend payout ratio is 38.13%. RPM International Company Profile ( Get Free Report ) RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RPM International wasn't on the list. While RPM International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Ten Starter Stocks For Beginners to Buy Now Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Get This Free Report RPM stock price forecast discussions among hedge funds show increased call option activity, suggesting speculative bets on an upward summer price move.