RPM International Inc. (NYSE:RPM) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 3,317,800 shares, an increase of 9.4% from the May 30th total of 3,033,700 shares. Based on an average trading volume of 508,000 shares, the days-to-cover ratio is presently 6.5 days. Currently, 2.6% of the shares of the company are short sold.
RPM traded up $0.61 on Friday, hitting $61.73. 543,105 shares of the company were exchanged, compared to its average volume of 554,741. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average price of $59.28. RPM International has a fifty-two week low of $51.95 and a fifty-two week high of $68.13. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 2.05 and a beta of 1.27.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.40 annualized dividend and a yield of 2.27%. RPM International’s payout ratio is currently 47.95%.
A number of brokerages have recently issued reports on RPM. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. JPMorgan Chase & Co. set a $60.00 price target on shares of Bayerische Motoren Werke and gave the stock a “sell” rating in a research note on Monday, April 8th. Gabelli reiterated a “buy” rating on shares of RPM International in a research note on Monday, April 8th. Finally, TheStreet upgraded shares of Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $66.57.
Institutional investors and hedge funds have recently modified their holdings of the business. Tompkins Financial Corp grew its position in RPM International by 63.2% during the first quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 206 shares during the period. Lenox Wealth Management Inc. acquired a new position in RPM International during the first quarter worth about $46,000. Carroll Financial Associates Inc. grew its position in RPM International by 4,900.0% during the second quarter. Carroll Financial Associates Inc. now owns 1,350 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 1,323 shares during the period. Private Capital Group LLC grew its position in RPM International by 19.9% during the first quarter. Private Capital Group LLC now owns 1,565 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 260 shares during the period. Finally, Winfield Associates Inc. acquired a new position in RPM International during the second quarter worth about $196,000. Institutional investors own 76.80% of the company’s stock.
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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