RPM International Inc. $RPM Shares Sold by Strs Ohio

Strs Ohio cut its stake in RPM International Inc. (NYSE:RPM) by 81.7% in the third quarter, Holdings Channel reports. The firm owned 3,040 shares of the specialty chemicals company’s stock after selling 13,575 shares during the period. Strs Ohio’s holdings in RPM International were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of RPM. Boston Trust Walden Corp lifted its stake in shares of RPM International by 8.5% during the third quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock worth $76,942,000 after buying an additional 51,152 shares during the period. California State Teachers Retirement System raised its stake in RPM International by 21.7% in the 2nd quarter. California State Teachers Retirement System now owns 355,934 shares of the specialty chemicals company’s stock worth $39,096,000 after acquiring an additional 63,532 shares during the last quarter. Ameriprise Financial Inc. lifted its position in RPM International by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock worth $37,260,000 after acquiring an additional 888 shares during the period. Baird Financial Group Inc. grew its stake in RPM International by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 279,460 shares of the specialty chemicals company’s stock valued at $30,696,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of RPM International by 1.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,678 shares of the specialty chemicals company’s stock valued at $28,843,000 after purchasing an additional 3,749 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity

In related news, VP Timothy R. Kinser sold 3,441 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $110.31, for a total transaction of $379,576.71. Following the completion of the sale, the vice president directly owned 21,248 shares in the company, valued at approximately $2,343,866.88. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI dropped their price objective on shares of RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Bank of America raised shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. UBS Group cut their price target on RPM International from $127.00 to $119.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. JPMorgan Chase & Co. raised RPM International from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $117.00 to $115.00 in a report on Friday, January 9th. Finally, Royal Bank Of Canada upgraded RPM International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $121.00 to $132.00 in a research note on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.75.

RPM International Trading Down 0.8%

Shares of RPM stock opened at $106.90 on Friday. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.59 and a beta of 1.11. The stock has a 50 day simple moving average of $107.02 and a 200-day simple moving average of $113.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.22 and a quick ratio of 1.45. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $129.12.

RPM International (NYSE:RPM) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.21). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. RPM International had a return on equity of 22.49% and a net margin of 8.79%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.39 EPS. On average, equities research analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 16th. RPM International’s dividend payout ratio (DPR) is 41.62%.

RPM International Profile

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.