RPM International Inc. (NYSE:RPM) Sees Large Increase in Short Interest

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

Institutional Trading of RPM International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Trust Co. grew its holdings in RPM International by 273.3% during the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 246 shares during the period. LRI Investments LLC purchased a new position in RPM International during the first quarter worth approximately $52,000. Plato Investment Management Ltd boosted its position in RPM International by 52,725.0% during the first quarter. Plato Investment Management Ltd now owns 16,904 shares of the specialty chemicals company’s stock worth $2,011,000 after purchasing an additional 16,872 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in RPM International by 8.1% during the first quarter. Motley Fool Asset Management LLC now owns 2,631 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 197 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in RPM International by 5.3% during the first quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after purchasing an additional 12,791 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Stock Down 1.6 %

Shares of RPM stock opened at $105.92 on Tuesday. The firm has a market capitalization of $13.64 billion, a PE ratio of 24.41, a P/E/G ratio of 1.51 and a beta of 1.00. RPM International has a fifty-two week low of $85.81 and a fifty-two week high of $120.74. The stock’s 50-day simple moving average is $110.54 and its 200-day simple moving average is $111.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.39 and a current ratio of 2.29.

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

Analysts Set New Price Targets

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

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.