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

RPM International Inc. (NYSE:RPM) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,810,000 shares, an increase of 27.5% from the May 31st total of 1,420,000 shares. Based on an average trading volume of 616,900 shares, the short-interest ratio is currently 2.9 days. Approximately 1.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Mizuho increased their target price on shares of RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. BMO Capital Markets reduced their price target on shares of RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Finally, UBS Group raised their target price on shares of RPM International from $121.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.11.

RPM International Stock Performance

Shares of RPM opened at $105.92 on Tuesday. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.51 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $110.54 and its two-hundred day moving average is $111.05. RPM International has a 52-week low of $85.81 and a 52-week high of $120.74.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Analysts forecast that RPM International will post 4.95 EPS for the current fiscal year.

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of RPM. V Square Quantitative Management LLC bought a new stake in shares of RPM International in the 4th quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in RPM International in the first quarter worth $38,000. Cambridge Trust Co. increased its stake in RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 246 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of RPM International during the first quarter worth $52,000. Finally, GAMMA Investing LLC bought a new position in shares of RPM International in the 4th quarter worth about $75,000. 80.95% of the stock is owned by institutional investors.

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.