RPM International Target of Unusually High Options Trading (RPM)
RPM International Inc. (NYSE:RPM) was the target of some unusual options trading activity on Monday. Traders acquired 1,058 call options on the stock. This represents an increase of approximately 1,503% compared to the average volume of 66 call options.
In related news, insider Ronald A. Rice sold 44,839 shares of RPM International stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $51.83, for a total transaction of $2,324,005.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oakbrook Investments LLC increased its position in shares of RPM International by 14.5% in the 3rd quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after purchasing an additional 1,600 shares during the last quarter. Russell Investments Group Ltd. increased 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 purchasing an additional 4,071 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of RPM International in the 2nd quarter worth about $602,000. Crossmark Global Holdings Inc. bought a new stake in shares of RPM International in the 3rd quarter worth about $3,973,000. Finally, SeaBridge Investment Advisors LLC increased its position in shares of RPM International by 10.3% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 150,690 shares of the specialty chemicals company’s stock worth $7,736,000 after purchasing an additional 14,087 shares during the last quarter. 75.51% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on RPM shares. BidaskClub downgraded shares of RPM International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price target on shares of RPM International in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of RPM International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, TheStreet downgraded shares of RPM International from a “b” rating to a “c+” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. RPM International presently has an average rating of “Hold” and a consensus target price of $57.33.
Shares of RPM International (RPM) opened at $53.23 on Thursday. RPM International has a one year low of $47.87 and a one year high of $56.48. The stock has a market cap of $7,193.57, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.40 and a beta of 1.53. The company has a current ratio of 2.16, a quick ratio of 1.38 and a debt-to-equity ratio of 1.20.
RPM International (NYSE:RPM) last released its quarterly earnings results on Wednesday, October 4th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. RPM International had a net margin of 3.67% and a return on equity of 24.73%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. analysts expect that RPM International will post 2.86 earnings per share for the current fiscal year.
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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