RPM International Target of Unusually High Options Trading (RPM)
RPM International Inc. (NYSE:RPM) saw unusually large options trading on Thursday. Stock investors acquired 654 put options on the stock. This is an increase of 1,182% compared to the average volume of 51 put options.
Shares of RPM International (RPM) traded down $0.26 during trading hours on Monday, reaching $52.92. The company had a trading volume of 891,358 shares, compared to its average volume of 1,238,577. RPM International has a 1 year low of $47.87 and a 1 year high of $56.69. The company has a market cap of $7,070.00, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.90 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 (NYSE:RPM) last announced its 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. research analysts predict that RPM International will post 3.02 EPS for the current fiscal year.
A number of research analysts have recently commented on RPM shares. Zacks Investment Research raised RPM International from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada reissued a “hold” rating and set a $51.00 price objective on shares of RPM International in a report on Wednesday, November 15th. Finally, TheStreet raised RPM International from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.86.
In other news, Chairman Frank C. Sullivan sold 35,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the transaction, the chairman now owns 1,188,489 shares of the company’s stock, valued at approximately $62,253,053.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Edward W. Moore sold 2,578 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total value of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares in the company, valued at approximately $5,293,850.43. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Oakbrook Investments LLC lifted 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 acquiring an additional 1,600 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of RPM International by 8.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 36,731 shares of the specialty chemicals company’s stock worth $1,886,000 after acquiring an additional 2,899 shares during the period. Russell Investments Group Ltd. lifted 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 acquiring an additional 4,071 shares during the period. Nomura Holdings Inc. bought a new stake in shares of RPM International in the 2nd quarter worth approximately $602,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of RPM International in the 3rd quarter worth approximately $3,973,000. Institutional investors own 75.20% of the company’s stock.
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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