RPM International Inc. (NYSE:RPM) Short Interest Down 11.5% in October

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RPM International Inc. (NYSE:RPM) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,000,000 shares, a decrease of 11.5% from the September 30th total of 2,260,000 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 620,800 shares, the short-interest ratio is presently 3.2 days.

RPM traded up $0.36 during trading hours on Friday, reaching $74.94. The company’s stock had a trading volume of 490,639 shares, compared to its average volume of 624,408. RPM International has a 52 week low of $51.95 and a 52 week high of $75.88. The company’s 50-day moving average is $70.60 and its 200-day moving average is $64.78. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.04 and a current ratio of 1.61. The firm has a market cap of $9.67 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty chemicals company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. RPM International had a return on equity of 25.98% and a net margin of 5.43%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that RPM International will post 3.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. This is a positive change from RPM International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, October 11th. RPM International’s dividend payout ratio is currently 53.14%.

A number of research firms recently weighed in on RPM. Robert W. Baird set a $72.00 price target on RPM International and gave the company a “hold” rating in a research note on Wednesday, August 21st. Vertical Group upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. ValuEngine cut RPM International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group increased their price target on RPM International from $85.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TheStreet upgraded RPM International from a “c+” rating to an “a-” rating in a research note on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. RPM International has a consensus rating of “Hold” and an average price target of $72.22.

In other news, SVP Edward W. Moore sold 6,127 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $68.47, for a total transaction of $419,515.69. Following the sale, the senior vice president now owns 57,998 shares in the company, valued at approximately $3,971,123.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Daberko sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $69.51, for a total value of $834,120.00. Following the sale, the director now owns 18,665 shares in the company, valued at approximately $1,297,404.15. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bartlett & Co. LLC acquired a new position in RPM International in the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. acquired a new position in RPM International in the 2nd quarter valued at $35,000. Bridger Capital Management LLC acquired a new position in RPM International in the 3rd quarter valued at $58,000. Machina Capital S.A.S. acquired a new position in RPM International in the 2nd quarter valued at $56,000. Finally, Putnam FL Investment Management Co. acquired a new position in RPM International in the 2nd quarter valued at $61,000. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

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