Oregon Public Employees Retirement Fund Sells 100 Shares of RPM International Inc. (NYSE:RPM)

Oregon Public Employees Retirement Fund lowered its position in RPM International Inc. (NYSE:RPM) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,160 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in RPM International were worth $3,219,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of RPM International by 61.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares during the period. Crews Bank & Trust purchased a new stake in RPM International in the fourth quarter worth about $37,000. UMB Bank n.a. lifted its stake in RPM International by 84.0% in the fourth quarter. UMB Bank n.a. now owns 657 shares of the specialty chemicals company’s stock worth $81,000 after acquiring an additional 300 shares during the period. Longboard Asset Management LP bought a new position in RPM International during the 4th quarter worth about $225,000. Finally, iA Global Asset Management Inc. increased its position in RPM International by 37.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock valued at $221,000 after purchasing an additional 501 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

RPM International Stock Performance

RPM opened at $121.73 on Friday. The company has a market cap of $15.65 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The firm’s 50-day moving average price is $123.84 and its 200-day moving average price is $126.06. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. RPM International Inc. has a 52-week low of $103.68 and a 52-week high of $141.79.

RPM International (NYSE:RPM) last released its earnings results on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, topping 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. As a group, equities analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, January 17th. RPM International’s dividend payout ratio is presently 40.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RPM. JPMorgan Chase & Co. dropped their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Mizuho dropped their target price on RPM International from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI upgraded RPM International to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lifted their target price on RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RPM International presently has a consensus rating of “Moderate Buy” and an average 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.