RPM International Inc. (NYSE:RPM) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund decreased its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,160 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in RPM International were worth $3,219,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV increased its position in shares of RPM International by 61.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Crews Bank & Trust purchased a new position in RPM International during the fourth quarter worth about $37,000. UMB Bank n.a. increased its position in shares of RPM International by 84.0% during the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock valued at $81,000 after acquiring an additional 300 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of RPM International in the 4th quarter valued at approximately $225,000. Finally, iA Global Asset Management Inc. lifted its holdings in shares of RPM International by 37.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock worth $221,000 after acquiring an additional 501 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Down 1.0 %

Shares of NYSE:RPM opened at $121.73 on Friday. RPM International Inc. has a fifty-two week low of $103.68 and a fifty-two week high of $141.79. The firm’s 50 day moving average price is $123.84 and its 200 day moving average price is $126.06. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01.

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

RPM International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $0.51 per share. The ex-dividend date was Friday, January 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.68%. RPM International’s dividend payout ratio is currently 40.32%.

Analyst Ratings Changes

RPM has been the subject of several research reports. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $134.00 to $140.00 in a report on Wednesday, January 8th. Evercore ISI raised RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lifted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

About RPM International

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.