New York State Common Retirement Fund Trims Position in RPM International Inc. (NYSE:RPM)

New York State Common Retirement Fund decreased its position in shares of RPM International Inc. (NYSE:RPM) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 97,373 shares of the specialty chemicals company’s stock after selling 3,700 shares during the quarter. New York State Common Retirement Fund’s holdings in RPM International were worth $11,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in RPM International in the third quarter valued at $1,295,000. National Pension Service increased its position in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after purchasing an additional 10,317 shares during the last quarter. Toronto Dominion Bank raised its holdings in RPM International by 33.0% in the 3rd quarter. Toronto Dominion Bank now owns 16,384 shares of the specialty chemicals company’s stock valued at $1,982,000 after buying an additional 4,062 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of RPM International by 9.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 96,692 shares of the specialty chemicals company’s stock worth $11,899,000 after acquiring an additional 8,725 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in shares of RPM International by 166.7% during the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company’s stock worth $8,325,000 after buying an additional 43,000 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $134.00 to $140.00 in a research note on Wednesday, January 8th. StockNews.com raised shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Mizuho decreased their price target on shares of RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

RPM International Price Performance

RPM International stock opened at $120.48 on Tuesday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $124.15 and a 200-day simple moving average of $126.05. The stock has a market cap of $15.49 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. RPM International Inc. has a 12-month low of $103.68 and a 12-month high of $141.79.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.05. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $1.22 EPS. RPM International’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts expect that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.04 annualized dividend and a yield of 1.69%. RPM International’s dividend payout ratio is currently 40.32%.

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.