New York State Common Retirement Fund Trims Position in RPM International Inc. (NYSE:RPM)

New York State Common Retirement Fund reduced its holdings in RPM International Inc. (NYSE:RPM) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,373 shares of the specialty chemicals company’s stock after selling 3,700 shares during the period. New York State Common Retirement Fund owned about 0.08% of RPM International worth $11,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in RPM International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 247,498 shares of the specialty chemicals company’s stock valued at $30,457,000 after purchasing an additional 5,947 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new stake in shares of RPM International in the fourth quarter worth about $505,000. Longboard Asset Management LP acquired a new stake in RPM International during the fourth quarter worth about $225,000. Boston Trust Walden Corp raised its position in RPM International by 3.2% during the fourth quarter. Boston Trust Walden Corp now owns 509,601 shares of the specialty chemicals company’s stock valued at $62,712,000 after acquiring an additional 15,602 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its holdings in RPM International by 21.3% in the fourth quarter. Mediolanum International Funds Ltd now owns 54,838 shares of the specialty chemicals company’s stock valued at $6,736,000 after acquiring an additional 9,615 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Down 0.6 %

Shares of RPM opened at $120.48 on Tuesday. The stock has a 50 day moving average price of $124.15 and a 200 day moving average price of $126.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.46 and a current ratio of 2.23. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.97 and a beta of 1.01. RPM International Inc. has a one year low of $103.68 and a one year high of $141.79.

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

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio (DPR) is 40.32%.

Analysts Set New Price Targets

RPM has been the subject of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group upped their price objective on shares of RPM International from $123.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Monday, January 6th. Evercore ISI raised RPM International to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.