RPM International Inc. (NYSE:RPM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of RPM International Inc. (NYSE:RPM) by 9.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 120,569 shares of the specialty chemicals company’s stock after selling 12,053 shares during the quarter. New York State Common Retirement Fund’s holdings in RPM International were worth $13,459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WASHINGTON TRUST Co lifted its holdings in shares of RPM International by 11.2% in the fourth quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company’s stock valued at $119,000 after buying an additional 107 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in RPM International by 6.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,375 shares of the specialty chemicals company’s stock valued at $225,000 after acquiring an additional 135 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of RPM International by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 8,832 shares of the specialty chemicals company’s stock valued at $986,000 after purchasing an additional 168 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of RPM International by 1.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,201 shares of the specialty chemicals company’s stock worth $1,726,000 after purchasing an additional 267 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH raised its holdings in shares of RPM International by 0.3% in the 3rd quarter. North Point Portfolio Managers Corp OH now owns 106,106 shares of the specialty chemicals company’s stock worth $10,060,000 after purchasing an additional 274 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

RPM International Price Performance

RPM opened at $108.59 on Tuesday. The firm has a market capitalization of $13.98 billion, a P/E ratio of 25.02, a PEG ratio of 1.69 and a beta of 1.04. The stock has a fifty day moving average of $113.66 and a 200-day moving average of $107.40. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. RPM International Inc. has a 12-month low of $78.52 and a 12-month high of $120.74.

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

RPM International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, April 18th. RPM International’s dividend payout ratio is currently 42.40%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group raised their target price on shares of RPM International from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. BMO Capital Markets decreased their target price on RPM International from $127.00 to $123.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Mizuho boosted 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. Finally, Robert W. Baird increased their price target on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, RPM International has an average rating of “Moderate Buy” and an average target price of $115.11.

Insider Activity at RPM International

In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 8,180 shares in the company, valued at approximately $892,029. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other RPM International news, Director Frederick R. Nance sold 1,835 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.05, for a total value of $200,106.75. Following the transaction, the director now owns 8,180 shares in the company, valued at $892,029. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew T. Ratajczak sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares of the company’s stock, valued at $2,570,933.13. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

RPM International Company 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.