RPM International Inc. (NYSE:RPM) Short Interest Up 38.4% in November

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RPM International Inc. (NYSE:RPM) saw a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 2,270,000 shares, an increase of 38.4% from the November 14th total of 1,640,000 shares. Based on an average daily volume of 683,400 shares, the short-interest ratio is presently 3.3 days. Currently, 1.8% of the shares of the company are sold short.

In related news, Director David A. Daberko sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $69.51, for a total value of $834,120.00. Following the transaction, the director now owns 18,665 shares in the company, valued at $1,297,404.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Edward W. Moore sold 6,127 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $68.47, for a total value of $419,515.69. Following the completion of the transaction, the senior vice president now owns 57,998 shares in the company, valued at approximately $3,971,123.06. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Bartlett & Co. LLC purchased a new stake in shares of RPM International in the third quarter worth about $28,000. Cullen Frost Bankers Inc. bought a new stake in RPM International during the 2nd quarter worth approximately $35,000. Resources Management Corp CT ADV bought a new stake in RPM International during the 3rd quarter worth approximately $50,000. Bridger Capital Management LLC bought a new stake in RPM International during the 3rd quarter worth approximately $58,000. Finally, Schroder Investment Management Group bought a new position in RPM International in the 2nd quarter valued at $75,000. 76.07% of the stock is owned by institutional investors and hedge funds.

RPM stock traded up $0.14 during midday trading on Wednesday, reaching $74.53. 331,700 shares of the company’s stock traded hands, compared to its average volume of 695,100. The company has a 50-day moving average price of $73.42 and a two-hundred day moving average price of $66.78. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.04 and a current ratio of 1.61. RPM International has a 52 week low of $51.95 and a 52 week high of $75.88. The firm has a market capitalization of $9.65 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.25.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty chemicals company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. RPM International had a return on equity of 25.98% and a net margin of 5.43%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, analysts predict that RPM International will post 3.37 EPS for the current fiscal year.

A number of brokerages have recently commented on RPM. Vertical Research raised RPM International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird set a $72.00 price objective on RPM International and gave the stock a “hold” rating in a report on Wednesday, August 21st. Vertical Group upgraded RPM International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Co began coverage on RPM International in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $80.00 price objective on the stock. Finally, ValuEngine downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $71.71.

About RPM International

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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