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

RPM International Inc. (NYSE:RPM - Get Free Report) was the target of a significant increase in short interest in 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 stock are short sold. Based on an average daily volume of 659,400 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in shares of RPM International by 3.5% in the 4th quarter. California State Teachers Retirement System now owns 297,557 shares of the specialty chemicals company's stock valued at $36,617,000 after purchasing an additional 10,185 shares in the last quarter. Putney Financial Group LLC bought a new position in RPM International in the fourth quarter worth approximately $308,000. Strive Asset Management LLC purchased a new stake in RPM International during the fourth quarter worth $686,000. Cary Street Partners Financial LLC bought a new stake in RPM International during the 4th quarter valued at $312,000. Finally, Baird Financial Group Inc. increased its holdings in shares of RPM International by 0.5% in the 4th quarter. Baird Financial Group Inc. now owns 261,835 shares of the specialty chemicals company's stock valued at $32,221,000 after acquiring an additional 1,416 shares during the period. 80.95% of the stock is currently owned by institutional investors.

RPM International Trading Up 0.3 %

RPM traded up $0.39 on Friday, reaching $114.42. 1,172,703 shares of the company traded hands, compared to its average volume of 620,520. The company has a market cap of $14.71 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.00. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International has a one year low of $103.69 and a one year high of $141.79. The firm has a fifty day simple moving average of $122.46 and a two-hundred day simple moving average of $126.53.

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RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. RPM International's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. As a group, equities research analysts expect that RPM International will post 5.5 earnings per share for the current year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.78%. RPM International's payout ratio is currently 40.32%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho lowered their target price on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of RPM International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Evercore ISI raised shares of RPM International to a "strong-buy" rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on RPM International from $123.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Finally, 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 report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

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.