RPM International Inc. (NYSE:RPM) Sees Significant Increase in Short Interest

RPM International Inc. (NYSE:RPM - Get Free Report) was the recipient of a large 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. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 767,300 shares, the short-interest ratio is presently 3.7 days.

RPM International Price Performance

Shares of NYSE RPM traded down $1.48 during mid-day trading on Tuesday, hitting $107.30. 871,556 shares of the stock traded hands, compared to its average volume of 695,170. The company has a market cap of $13.78 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06. RPM International has a twelve month low of $95.28 and a twelve month high of $141.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $110.08 and a two-hundred day simple moving average of $118.25.

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

RPM International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, April 17th. RPM International's dividend payout ratio is currently 40.88%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Morgan Stanley cut their price target on RPM International from $125.00 to $113.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. UBS Group lowered their price objective on RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Fermium Researc raised RPM International to a "hold" rating in a report on Wednesday, April 9th. Finally, Wall Street Zen downgraded RPM International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.55.

Institutional Investors Weigh In On RPM International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in RPM International by 12,321.2% during the 1st quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company's stock valued at $31,367,000 after purchasing an additional 268,971 shares during the period. Fairway Wealth LLC boosted its stake in shares of RPM International by 50,413.3% in the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company's stock valued at $25,536,000 after purchasing an additional 220,306 shares during the last quarter. Bank of New York Mellon Corp raised its stake in RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock worth $176,034,000 after buying an additional 87,540 shares during the last quarter. Geode Capital Management LLC boosted its position in RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock valued at $336,198,000 after acquiring an additional 79,256 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in RPM International by 39.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock valued at $34,404,000 after acquiring an additional 78,828 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

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.

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