New York State Teachers Retirement System Trims Stock Holdings in RPM International Inc. (NYSE:RPM)

New York State Teachers Retirement System lowered its position in shares of RPM International Inc. (NYSE:RPM) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,137 shares of the specialty chemicals company’s stock after selling 5,117 shares during the quarter. New York State Teachers Retirement System owned 0.12% of RPM International worth $16,167,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC acquired a new position in RPM International during the fourth quarter worth $357,000. Mediolanum International Funds Ltd purchased a new position in RPM International during the first quarter worth $1,882,000. United Services Automobile Association acquired a new position in shares of RPM International in the fourth quarter worth $1,131,000. SG Americas Securities LLC lifted its position in shares of RPM International by 193.7% in the first quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock valued at $3,838,000 after acquiring an additional 21,282 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of RPM International by 337.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock valued at $24,649,000 after acquiring an additional 170,369 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Trading Up 1.4 %

RPM stock traded up $1.65 during trading on Friday, reaching $115.96. 204,134 shares of the stock traded hands, compared to its average volume of 625,030. The firm has a market capitalization of $14.94 billion, a PE ratio of 26.34, a P/E/G ratio of 1.75 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The business’s 50 day moving average price is $112.55 and its 200-day moving average price is $112.25. RPM International Inc. has a 52-week low of $88.84 and a 52-week high of $122.92.

RPM International (NYSE:RPM) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting the consensus estimate of $1.56. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $1.36 earnings per share. RPM International’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, July 17th. RPM International’s payout ratio is 42.40%.

Insider Activity

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $116.06, for a total value of $6,625,052.98. Following the completion of the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at $120,590,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $116.06, for a total value of $6,625,052.98. Following the transaction, the chief executive officer now owns 1,039,040 shares in the company, valued at $120,590,982.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $117.79, for a total value of $171,031.08. Following the sale, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

RPM has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 26th. StockNews.com lowered shares of RPM International from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. JPMorgan Chase & Co. downgraded RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Friday, July 26th. UBS Group decreased their price objective on RPM International from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Mizuho dropped their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $122.33.

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.