Strs Ohio Buys New Holdings in RPM International Inc. (NYSE:RPM)

Strs Ohio bought a new stake in shares of RPM International Inc. (NYSE:RPM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,091 shares of the specialty chemicals company’s stock, valued at approximately $1,684,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in RPM International by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 1,827,966 shares of the specialty chemicals company’s stock worth $159,244,000 after buying an additional 56,726 shares during the period. Boston Trust Walden Corp lifted its holdings in RPM International by 2.9% in the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock worth $54,553,000 after buying an additional 13,860 shares during the period. Cowa LLC lifted its holdings in RPM International by 9,901.1% in the 1st quarter. Cowa LLC now owns 322,637 shares of the specialty chemicals company’s stock worth $263,000 after buying an additional 319,411 shares during the period. California Public Employees Retirement System lifted its holdings in RPM International by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 239,153 shares of the specialty chemicals company’s stock worth $22,674,000 after buying an additional 3,484 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in RPM International by 9.0% in the 1st quarter. Baird Financial Group Inc. now owns 233,786 shares of the specialty chemicals company’s stock worth $19,039,000 after buying an additional 19,318 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their price objective on RPM International from $127.00 to $123.00 and set an “outperform” rating for the company in a report on Friday, April 5th. UBS Group increased their target price on RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Robert W. Baird increased their target price on RPM International from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Mizuho increased their target price on RPM International from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Buying and Selling at RPM International

In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares in the company, valued at approximately $2,570,933.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total value of $200,106.75. Following the sale, the director now owns 8,180 shares in the company, valued at $892,029. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

RPM International Stock Down 0.8 %

RPM stock opened at $106.57 on Friday. RPM International Inc. has a twelve month low of $78.52 and a twelve month high of $120.74. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $13.72 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04. The business has a 50 day moving average of $113.77 and a 200 day moving average of $106.94.

RPM International (NYSE:RPM) last posted its quarterly earnings data on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. RPM International had a return on equity of 26.72% and a net margin of 7.61%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts forecast that RPM International Inc. will post 4.94 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, April 18th. This represents a $1.84 annualized dividend and a yield of 1.73%. RPM International’s dividend payout ratio is 42.40%.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional 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; fire stopping and intumescent steel coating, and manufacturing industry solutions; 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.