Strs Ohio Buys 3,592 Shares of RPM International Inc. $RPM

Strs Ohio increased its stake in RPM International Inc. (NYSE:RPM) by 27.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,615 shares of the specialty chemicals company’s stock after purchasing an additional 3,592 shares during the quarter. Strs Ohio’s holdings in RPM International were worth $1,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RPM. Boston Trust Walden Corp raised its stake in shares of RPM International by 18.1% in the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock valued at $66,076,000 after buying an additional 92,358 shares during the period. Ameriprise Financial Inc. raised its stake in RPM International by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock valued at $39,143,000 after acquiring an additional 33,016 shares during the period. Baird Financial Group Inc. raised its stake in RPM International by 6.3% in the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock valued at $32,204,000 after acquiring an additional 16,549 shares during the period. United Services Automobile Association bought a new stake in RPM International in the 1st quarter valued at about $948,000. Finally, New York State Common Retirement Fund raised its position in shares of RPM International by 4.1% in the first quarter. New York State Common Retirement Fund now owns 101,373 shares of the specialty chemicals company’s stock valued at $11,727,000 after purchasing an additional 4,000 shares during the period. 80.95% of the stock is currently owned by institutional investors.

RPM International Price Performance

RPM stock opened at $108.04 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.51 and a current ratio of 2.26. RPM International Inc. has a 52 week low of $95.28 and a 52 week high of $141.79. The firm’s fifty day moving average is $117.66 and its 200 day moving average is $115.29. The firm has a market cap of $13.85 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.97 and a beta of 1.05.

RPM International (NYSE:RPM) last issued its earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. RPM International had a return on equity of 24.22% and a net margin of 9.16%.RPM International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 EPS. Research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, October 20th. This is a boost from RPM International’s previous quarterly dividend of $0.51. RPM International’s dividend payout ratio (DPR) is 40.37%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RPM. Royal Bank Of Canada lowered their target price on shares of RPM International from $125.00 to $121.00 and set a “sector perform” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company boosted their price objective on RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on RPM International from $113.00 to $124.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $129.00 in a research note on Tuesday, October 14th. Finally, UBS Group upped their price target on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, RPM International has an average rating of “Moderate Buy” and a consensus target price of $130.70.

Insider Activity at RPM International

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total transaction of $40,376.25. Following the completion of the transaction, the director owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

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.