RPM International Inc. (NYSE:RPM) Short Interest Up 19.0% in February

RPM International Inc. (NYSE:RPM) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, an increase of 19.0% from the February 13th total of 1,210,000 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 659,400 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RPM shares. JPMorgan Chase & Co. cut their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Evercore ISI raised shares of RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. UBS Group boosted their target price on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Mizuho cut their price objective on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Stock Performance

Shares of RPM traded down $0.50 during trading hours on Thursday, reaching $115.38. 107,421 shares of the company traded hands, compared to its average volume of 613,259. The stock’s fifty day moving average is $122.76 and its 200 day moving average is $126.55. The stock has a market cap of $14.83 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. RPM International has a 1-year low of $103.69 and a 1-year high of $141.79.

RPM International (NYSE:RPM) last posted its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Equities research analysts anticipate that RPM International will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.77%. RPM International’s payout ratio is currently 40.32%.

Institutional Trading of RPM International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in RPM International by 55.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 84 shares during the period. Crews Bank & Trust bought a new stake in RPM International during the fourth quarter worth about $37,000. Farther Finance Advisors LLC grew its stake in RPM International by 58.7% during the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company’s stock worth $52,000 after buying an additional 155 shares during the last quarter. Fairway Wealth LLC grew its stake in RPM International by 829.8% during the fourth quarter. Fairway Wealth LLC now owns 437 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 390 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in 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 worth $66,000 after buying an additional 320 shares during the last quarter. Institutional investors 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.