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RPM International Inc. (NYSE:RPM - Get Rating) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 2,310,000 shares, a drop of 16.0% from the May 15th total of 2,750,000 shares. Currently, 1.8% of the company's stock are sold short. Based on an average trading volume of 604,300 shares, the days-to-cover ratio is presently 3.8 days.
Shares of NYSE:RPM traded up $0.80 during trading on Friday, hitting $76.25. 12,690 shares of the company's stock were exchanged, compared to its average volume of 524,286. RPM International has a 1-year low of $74.56 and a 1-year high of $101.48. The firm has a 50-day moving average price of $85.20 and a two-hundred day moving average price of $87.43. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 1.03. The firm has a market cap of $9.87 billion, a P/E ratio of 22.04, a PEG ratio of 3.55 and a beta of 0.90.
RPM International (NYSE:RPM - Get Rating) last issued its quarterly earnings data on Wednesday, April 6th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.08. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.41 billion. RPM International had a net margin of 6.94% and a return on equity of 25.48%. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. As a group, research analysts predict that RPM International will post 3.69 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, April 13th. RPM International's dividend payout ratio is currently 46.38%.
In other RPM International news, CAO Michael J. Laroche sold 1,476 shares of the firm's stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $83.55, for a total transaction of $123,319.80. Following the completion of the sale, the chief accounting officer now directly owns 6,525 shares in the company, valued at approximately $545,163.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company's stock.
A number of institutional investors have recently bought and sold shares of RPM. Kozak & Associates Inc. bought a new position in RPM International during the third quarter worth about $39,000. Liontrust Investment Partners LLP bought a new stake in shares of RPM International during the third quarter worth approximately $497,000. Tributary Capital Management LLC boosted its holdings in shares of RPM International by 4.6% during the fourth quarter. Tributary Capital Management LLC now owns 6,145 shares of the specialty chemicals company's stock worth $621,000 after acquiring an additional 268 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of RPM International during the fourth quarter worth approximately $49,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of RPM International by 51.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 7,685 shares of the specialty chemicals company's stock worth $776,000 after acquiring an additional 2,600 shares during the period. Institutional investors and hedge funds own 79.96% of the company's stock.
Several equities research analysts have recently issued reports on RPM shares. TheStreet upgraded RPM International from a "c+" rating to a "b-" rating in a report on Wednesday, June 8th. StockNews.com raised shares of RPM International from a "hold" rating to a "buy" rating in a report on Thursday, May 19th. Wells Fargo & Company cut their price target on shares of RPM International from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Thursday, April 7th. Finally, BMO Capital Markets cut their price target on shares of RPM International from $115.00 to $111.00 and set an "outperform" rating for the company in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $100.17.
About RPM International (Get Rating)
RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coatings, and institutional roofing systems; air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and subfloor preparation, flooring, and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; 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; and insulated building cladding materials and concrete form wall systems.
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