2 weeks Ago By ABMN Staff
RPM International Inc. ( NYSE:RPM – Get Free Report ) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 2,040,000 shares, a drop of 13.
9% from the August 31st total of 2,370,000 shares. Approximately 1.6% of the company’s stock are short sold.
Based on an average trading volume of 696,700 shares, the days-to-cover ratio is currently 2.9 days. Analyst Upgrades and Downgrades Several brokerages recently issued reports on RPM.
UBS Group reduced their target price on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th.
BMO Capital Markets decreased their price objective on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Tuesday, August 27th.
Vertical Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, July 16th. Royal Bank of Canada upped their price target on shares of RPM International from $119.
00 to $120.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, StockNews.
com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.
com, RPM International currently has an average rating of “Hold” and an average target price of $122.22. View Our Latest Stock Analysis on RPM International Insider Buying and Selling at RPM International Hedge Funds Weigh In On RPM International Several institutional investors and hedge funds have recently modified their holdings of RPM.
California State Teachers Retirement System boosted its position in RPM International by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock worth $26,708,000 after purchasing an additional 15,084 shares in the last quarter.
CIBC Private Wealth Group LLC raised its stake in shares of RPM International by 73.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,871 shares of the specialty chemicals company’s stock worth $767,000 after buying an additional 2,910 shares during the period.
Public Employees Retirement Association of Colorado lifted its position in shares of RPM International by 337.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after buying an additional 170,369 shares in the last quarter.
V Square Quantitative Management LLC purchased a new stake in RPM International in the 4th quarter worth $25,000. Finally, HighPoint Advisor Group LLC acquired a new position in RPM International during the fourth quarter worth $630,000. Hedge funds and other institutional investors own 80.
95% of the company’s stock. RPM International Price Performance NYSE:RPM opened at $122.93 on Friday.
The firm’s fifty day moving average is $117.48 and its two-hundred day moving average is $113.57.
The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.
85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.
79, a quick ratio of 1.32 and a current ratio of 1.97.
RPM International has a one year low of $88.84 and a one year high of $125.35.
RPM International ( NYSE:RPM – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting the consensus estimate of $1.
56. RPM International had a return on equity of 26.80% and a net margin of 8.
02%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.
01 billion. During the same period last year, the business earned $1.36 earnings per share.
RPM International’s quarterly revenue was down .4% on a year-over-year basis. Research analysts expect that RPM International will post 5.
51 EPS for the current year. RPM International Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were paid a dividend of $0.
46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.
50%. The ex-dividend date of this dividend was Wednesday, July 17th. RPM International’s payout ratio is currently 42.
40%. RPM International Company Profile ( Get Free Report ) 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.
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