Teachers Retirement System of The State of Kentucky Decreases Holdings in RPM International Inc. (NYSE:RPM)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of RPM International Inc. (NYSE:RPMGet Rating) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,592 shares of the specialty chemicals company’s stock after selling 1,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in RPM International were worth $1,433,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of RPM International in the first quarter valued at about $36,000. Farmers & Merchants Investments Inc. raised its position in shares of RPM International by 200.4% in the first quarter. Farmers & Merchants Investments Inc. now owns 802 shares of the specialty chemicals company’s stock valued at $65,000 after buying an additional 535 shares during the last quarter. Cyrus J. Lawrence LLC acquired a new stake in shares of RPM International in the first quarter valued at about $68,000. James Reed Financial Services Inc. acquired a new stake in shares of RPM International in the fourth quarter valued at about $74,000. Finally, Archer Investment Corp raised its position in shares of RPM International by 113.0% in the first quarter. Archer Investment Corp now owns 1,225 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 650 shares during the last quarter. 81.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 993 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $90.02, for a total value of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares of the company’s stock, valued at $5,000,250.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Matthew T. Ratajczak sold 993 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $90.02, for a total value of $89,389.86. Following the completion of the transaction, the vice president now owns 55,546 shares of the company’s stock, valued at $5,000,250.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Edward W. Moore sold 2,108 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $87.74, for a total transaction of $184,955.92. Following the completion of the transaction, the senior vice president now directly owns 56,086 shares of the company’s stock, valued at approximately $4,920,985.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,701 shares of company stock valued at $506,370. 1.60% of the stock is currently owned by company insiders.

RPM International Price Performance

Shares of RPM opened at $85.66 on Friday. RPM International Inc. has a 1-year low of $74.56 and a 1-year high of $101.48. The stock has a market cap of $11.05 billion, a PE ratio of 22.60, a P/E/G ratio of 4.24 and a beta of 0.94. The firm has a 50-day simple moving average of $90.85 and a two-hundred day simple moving average of $85.76. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.56 and a quick ratio of 0.96.

RPM International (NYSE:RPMGet Rating) last announced its quarterly earnings results on Monday, July 25th. The specialty chemicals company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.02). RPM International had a net margin of 7.33% and a return on equity of 25.57%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. RPM International’s revenue was up 13.7% on a year-over-year basis. As a group, analysts forecast that RPM International Inc. will post 4.29 EPS for the current year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, July 14th. RPM International’s payout ratio is 42.22%.

Wall Street Analyst Weigh In

RPM has been the subject of a number of recent research reports. Credit Suisse Group assumed coverage on shares of RPM International in a research report on Monday, June 27th. They issued an “outperform” rating and a $95.00 target price for the company. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Bank of America cut their price objective on shares of RPM International from $90.00 to $78.00 and set an “underperform” rating for the company in a research report on Wednesday, July 13th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b” rating in a research report on Monday, July 25th. Finally, BMO Capital Markets raised their price objective on shares of RPM International from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, RPM International presently has a consensus rating of “Hold” and a consensus target price of $96.75.

RPM International Company Profile

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RPM International Inc manufactures, markets, and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; solutions for fire stopping and intumescent steel coating, and manufacturing industry; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.

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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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