RPM International Inc. (NYSE:RPM) Short Interest Update
by Amy Steele · The Cerbat GemRPM International Inc. (NYSE:RPM – Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,265,281 shares, a growth of 29.5% from the December 31st total of 1,749,907 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,626,855 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 1,626,855 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.8% of the shares of the company are short sold.
Insider Transactions at RPM International
In other news, VP Timothy R. Kinser sold 3,441 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $110.31, for a total value of $379,576.71. Following the completion of the transaction, the vice president owned 21,248 shares in the company, valued at approximately $2,343,866.88. This represents a 13.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On RPM International
Several institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of RPM International in the 3rd quarter valued at about $30,000. Versant Capital Management Inc raised its position in RPM International by 48.6% in the 3rd quarter. Versant Capital Management Inc now owns 275 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 90 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in RPM International in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in RPM International by 21.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 108 shares in the last quarter. Finally, GGM Financials LLC bought a new position in shares of RPM International during the 3rd quarter worth approximately $77,000. 80.95% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on RPM shares. Deutsche Bank Aktiengesellschaft cut their price objective on RPM International from $138.00 to $126.00 and set a “buy” rating for the company in a report on Monday, January 12th. Zacks Research downgraded shares of RPM International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. BMO Capital Markets decreased their price objective on shares of RPM International from $152.00 to $149.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of RPM International in a research note on Friday, January 9th. Finally, Bank of America raised RPM International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, RPM International has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.
Get Our Latest Research Report on RPM
RPM International Stock Up 3.2%
NYSE:RPM opened at $110.91 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.22 and a debt-to-equity ratio of 0.80. RPM International has a 12-month low of $95.28 and a 12-month high of $129.12. The stock’s fifty day simple moving average is $107.16 and its 200-day simple moving average is $113.33. The firm has a market capitalization of $14.21 billion, a P/E ratio of 21.37, a P/E/G ratio of 2.58 and a beta of 1.10.
RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.21). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.39 earnings per share. Equities research analysts expect that RPM International will post 5.5 earnings per share for the current year.
RPM International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.16 dividend on an annualized basis and a yield of 1.9%. RPM International’s payout ratio is presently 41.62%.
RPM International Company Profile
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.