RPM International Sees Unusually High Options Volume (RPM)
RPM International Inc. (NYSE:RPM) saw unusually large options trading activity on Thursday. Investors acquired 654 put options on the stock. This is an increase of 1,182% compared to the average daily volume of 51 put options.
In other news, insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total value of $2,324,005.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Oakbrook Investments LLC grew its position in RPM International by 14.5% during the 3rd quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after acquiring an additional 1,600 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of RPM International by 15.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 30,657 shares of the specialty chemicals company’s stock worth $1,672,000 after buying an additional 4,071 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of RPM International in the 2nd quarter valued at approximately $602,000. Crossmark Global Holdings Inc. purchased a new position in shares of RPM International in the 3rd quarter valued at approximately $3,973,000. Finally, Janney Montgomery Scott LLC raised its stake in RPM International by 8.6% during the third quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock valued at $1,886,000 after buying an additional 2,899 shares during the last quarter. Hedge funds and other institutional investors own 75.44% of the company’s stock.
Several equities analysts recently commented on the stock. TheStreet upgraded shares of RPM International from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of RPM International from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $51.00 price target on shares of RPM International in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.
Shares of RPM International (RPM) opened at $54.07 on Tuesday. The stock has a market capitalization of $7,284.80, a PE ratio of 20.88, a P/E/G ratio of 2.34 and a beta of 1.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. RPM International has a 1-year low of $47.87 and a 1-year high of $56.69.
RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. RPM International had a return on equity of 25.05% and a net margin of 6.80%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. analysts expect that RPM International will post 2.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.37%. RPM International’s dividend payout ratio (DPR) is presently 49.42%.
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About RPM International
RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).
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