RPM International Inc. (NYSE:RPM) Short Interest Update

RPM International Inc. (NYSE:RPM - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,860,000 shares, a growth of 30.6% from the May 15th total of 2,190,000 shares. Based on an average daily trading volume, of 767,300 shares, the short-interest ratio is presently 3.7 days. Approximately 2.3% of the company's shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RPM. EverSource Wealth Advisors LLC lifted its holdings in shares of RPM International by 55.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of 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 valued at $45,000 after purchasing an additional 118 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock valued at $52,000 after purchasing an additional 155 shares in the last quarter. Fairway Wealth LLC lifted its holdings in shares of RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 390 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of RPM International by 148.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 535 shares of the specialty chemicals company's stock valued at $66,000 after purchasing an additional 320 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

RPM International Stock Down 0.1%

Shares of NYSE RPM traded down $0.11 during trading on Friday, reaching $106.91. The company had a trading volume of 1,201,089 shares, compared to its average volume of 699,143. RPM International has a 12-month low of $95.28 and a 12-month high of $141.79. The stock has a market cap of $13.73 billion, a PE ratio of 21.43, a P/E/G ratio of 2.81 and a beta of 1.06. The business's 50-day moving average is $110.25 and its 200 day moving average is $117.73. The company has a quick ratio of 1.38, a current ratio of 2.22 and a debt-to-equity ratio of 0.78.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 25.08% and a net margin of 8.82%. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. As a group, equities analysts forecast that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, April 17th. RPM International's payout ratio is currently 40.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen cut RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Citigroup assumed coverage on RPM International in a research note on Monday, June 2nd. They set a "buy" rating and a $135.00 target price on the stock. Fermium Researc raised RPM International to a "hold" rating in a research note on Wednesday, April 9th. BMO Capital Markets boosted their target price on RPM International from $126.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company reduced their price target on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.55.

RPM International Company Profile

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.