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

New York State Teachers Retirement System lessened its holdings in RPM International Inc. (NYSE:RPM) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,276 shares of the specialty chemicals company’s stock after selling 2,969 shares during the quarter. New York State Teachers Retirement System’s holdings in RPM International were worth $17,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in RPM International by 82.1% during the first quarter. Farther Finance Advisors LLC now owns 763 shares of the specialty chemicals company’s stock worth $89,000 after buying an additional 344 shares during the period. SG Americas Securities LLC increased its holdings in shares of RPM International by 355.5% in the 1st quarter. SG Americas Securities LLC now owns 5,106 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 3,985 shares during the period. Jones Financial Companies Lllp raised its position in RPM International by 302.8% in the 4th quarter. Jones Financial Companies Lllp now owns 4,507 shares of the specialty chemicals company’s stock valued at $555,000 after purchasing an additional 3,388 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in RPM International during the 4th quarter worth $9,161,000. Finally, Rebalance LLC acquired a new position in RPM International in the fourth quarter valued at $246,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

RPM International Trading Up 0.6%

Shares of RPM stock opened at $113.10 on Thursday. The business’s fifty day moving average price is $111.34 and its 200 day moving average price is $116.38. The firm has a market capitalization of $14.52 billion, a PE ratio of 22.67, a P/E/G ratio of 2.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.15). RPM International had a return on equity of 25.08% and a net margin of 8.82%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. RPM International’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.80%. RPM International’s dividend payout ratio is currently 40.88%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RPM. BMO Capital Markets increased their target price on shares of RPM International from $126.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. UBS Group reduced their price objective on RPM International from $113.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Fermium Researc upgraded RPM International to a “hold” rating in a research note on Wednesday, April 9th. Royal Bank Of Canada cut their price target on RPM International from $126.00 to $116.00 and set a “sector perform” rating for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price objective on shares of RPM International from $116.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.91.

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.