New York State Common Retirement Fund Buys 4,000 Shares of RPM International Inc. (NYSE:RPM)

New York State Common Retirement Fund increased its position in RPM International Inc. (NYSE:RPM) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,373 shares of the specialty chemicals company’s stock after buying an additional 4,000 shares during the period. New York State Common Retirement Fund owned 0.08% of RPM International worth $11,727,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in RPM International by 13.1% during the first quarter. Nisa Investment Advisors LLC now owns 22,443 shares of the specialty chemicals company’s stock valued at $2,596,000 after buying an additional 2,605 shares during the period. Fairway Wealth LLC raised its position in shares of RPM International by 50,413.3% during the 1st quarter. Fairway Wealth LLC now owns 220,743 shares of the specialty chemicals company’s stock valued at $25,536,000 after purchasing an additional 220,306 shares during the period. Achmea Investment Management B.V. increased its holdings in RPM International by 94.7% in the 1st quarter. Achmea Investment Management B.V. now owns 142,187 shares of the specialty chemicals company’s stock valued at $16,448,000 after acquiring an additional 69,153 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of RPM International by 71.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 919 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 384 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH boosted its position in RPM International by 2.4% in the 1st quarter. North Point Portfolio Managers Corp OH now owns 103,789 shares of the specialty chemicals company’s stock valued at $12,006,000 after buying an additional 2,427 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on RPM. Wells Fargo & Company upped their price target on shares of RPM International from $116.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Fermium Researc raised shares of RPM International to a “hold” rating in a report on Wednesday, April 9th. BMO Capital Markets boosted their price objective on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Robert W. Baird decreased their price objective on shares of RPM International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of 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. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.80.

RPM International Trading Up 0.8%

Shares of RPM International stock opened at $111.53 on Friday. The stock has a fifty day simple moving average of $112.38 and a 200 day simple moving average of $115.31. RPM International Inc. has a 12-month low of $95.28 and a 12-month high of $141.79. The company has a market capitalization of $14.32 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.91 and a beta of 1.03. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.78.

RPM International Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.83%. RPM International’s dividend payout ratio (DPR) is 40.88%.

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.