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

RPM International Inc. (NYSE:RPM) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 2,500,000 shares, an increase of 20.2% from the July 31st total of 2,080,000 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily volume of 665,900 shares, the short-interest ratio is presently 3.8 days.

Insider Activity

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Matthew T. Ratajczak sold 1,452 shares of RPM International stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $117.79, for a total value of $171,031.08. Following the completion of the transaction, the vice president now directly owns 24,339 shares in the company, valued at $2,866,890.81. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of RPM International in the 4th quarter worth about $25,000. Rise Advisors LLC bought a new position in shares of RPM International during the 1st quarter valued at approximately $38,000. Cambridge Trust Co. increased its stake in shares of RPM International by 273.3% during the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 318 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of RPM International during the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Stock Up 1.3 %

NYSE RPM traded up $1.44 on Friday, reaching $116.25. The company had a trading volume of 779,413 shares, compared to its average volume of 569,786. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average is $112.95 and its 200 day moving average is $112.63. RPM International has a 52-week low of $88.84 and a 52-week high of $122.92. The stock has a market capitalization of $14.97 billion, a P/E ratio of 26.79, a P/E/G ratio of 1.74 and a beta of 1.00.

RPM International (NYSE:RPM) last announced its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts anticipate that RPM International will post 5.51 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Wednesday, July 17th. RPM International’s dividend payout ratio is presently 42.40%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RPM. Royal Bank of Canada increased their price objective on shares of RPM International from $119.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. downgraded RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 26th. Mizuho reduced their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company upped their price target on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Sunday, August 11th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.22.

About RPM International

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.