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

RPM International Inc. (NYSE:RPM) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,990,000 shares, an increase of 28.4% from the March 31st total of 1,550,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 698,400 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in RPM International by 12,321.2% during the first quarter. GAMMA Investing LLC now owns 271,154 shares of the specialty chemicals company’s stock worth $31,367,000 after buying an additional 268,971 shares during the last quarter. Fairway Wealth LLC raised 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 acquiring an additional 220,306 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in RPM International by 6.5% in the 4th 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 purchasing an additional 87,540 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of RPM International by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company’s stock worth $336,198,000 after buying an additional 79,256 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

RPM stock opened at $110.39 on Friday. The stock has a market cap of $14.18 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The firm has a 50 day simple moving average of $111.80 and a 200 day simple moving average of $122.83. RPM International has a 52 week low of $95.28 and a 52 week high of $141.79.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.15). RPM International had a net margin of 8.89% and a return on equity of 26.76%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business earned $0.52 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. 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 Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, April 17th. RPM International’s dividend payout ratio (DPR) is presently 40.88%.

Wall Street Analysts Forecast Growth

RPM has been the subject of a number of recent research reports. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Fermium Researc raised RPM International to a “hold” rating in a research note on Wednesday, April 9th. BMO Capital Markets cut their price objective on RPM International from $154.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Mizuho decreased their target price on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.10.

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.