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

RPM International Inc. (NYSE:RPM) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,365,675 shares, a decrease of 15.3% from the February 12th total of 2,792,696 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 745,559 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 745,559 shares, the short-interest ratio is currently 3.2 days. Approximately 1.9% of the company’s stock are short sold.

Insider Transactions at RPM International

In other RPM International news, VP Timothy R. Kinser sold 3,441 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total value of $379,576.71. Following the transaction, the vice president directly owned 21,248 shares of the company’s stock, valued at $2,343,866.88. This represents a 13.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RPM International

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of RPM International by 105.9% in the 2nd quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock valued at $1,155,000 after purchasing an additional 5,406 shares during the period. Handelsbanken Fonder AB raised its holdings in RPM International by 1.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 34,732 shares of the specialty chemicals company’s stock worth $3,815,000 after buying an additional 600 shares during the period. DNB Asset Management AS lifted its stake in RPM International by 7.8% during the second quarter. DNB Asset Management AS now owns 26,375 shares of the specialty chemicals company’s stock valued at $2,897,000 after buying an additional 1,914 shares in the last quarter. Archer Investment Corp boosted its holdings in shares of RPM International by 203.7% in the second quarter. Archer Investment Corp now owns 3,490 shares of the specialty chemicals company’s stock worth $383,000 after buying an additional 2,341 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of RPM International in the second quarter worth about $2,791,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Price Performance

Shares of NYSE:RPM traded down $2.36 during trading hours on Wednesday, hitting $98.86. 476,502 shares of the company’s stock traded hands, compared to its average volume of 1,079,061. The company’s fifty day simple moving average is $110.60 and its two-hundred day simple moving average is $111.22. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.45 and a current ratio of 2.22. RPM International has a 52 week low of $95.28 and a 52 week high of $129.12.

RPM International (NYSE:RPM) last released its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. As a group, equities analysts anticipate that RPM International will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 annualized dividend and a dividend yield of 2.2%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RPM shares. JPMorgan Chase & Co. raised shares of RPM International from a “neutral” rating to an “overweight” rating and cut their price target for the company from $117.00 to $115.00 in a report on Friday, January 9th. UBS Group decreased their target price on RPM International from $127.00 to $119.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Citigroup lowered their price objective on shares of RPM International from $136.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, December 18th. KeyCorp restated a “sector weight” rating on shares of RPM International in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of RPM International in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.