California State Teachers Retirement System Has $29.98 Million Holdings in RPM International Inc. (NYSE:RPM)

California State Teachers Retirement System lifted its holdings in RPM International Inc. (NYSE:RPM) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,046 shares of the specialty chemicals company’s stock after purchasing an additional 12,791 shares during the period. California State Teachers Retirement System owned 0.20% of RPM International worth $29,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RPM. Public Employees Retirement Association of Colorado lifted its position in RPM International by 337.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 220,806 shares of the specialty chemicals company’s stock worth $24,649,000 after acquiring an additional 170,369 shares during the last quarter. Russell Investments Group Ltd. increased its stake in RPM International by 352.0% in the fourth quarter. Russell Investments Group Ltd. now owns 136,020 shares of the specialty chemicals company’s stock valued at $15,214,000 after acquiring an additional 105,925 shares during the period. BNP Paribas Financial Markets increased its stake in RPM International by 534.7% in the fourth quarter. BNP Paribas Financial Markets now owns 61,936 shares of the specialty chemicals company’s stock valued at $6,914,000 after acquiring an additional 52,177 shares during the period. SG Americas Securities LLC increased its stake in 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 during the period. Finally, Mediolanum International Funds Ltd bought a new stake in RPM International in the first quarter valued at about $1,882,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Trading Up 1.6 %

NYSE RPM traded up $1.86 during trading hours on Wednesday, hitting $121.47. The company’s stock had a trading volume of 1,038,447 shares, compared to its average volume of 630,875. The stock has a fifty day moving average of $110.88 and a 200 day moving average of $111.33. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $122.92. The firm has a market capitalization of $15.64 billion, a P/E ratio of 27.99, a PEG ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.79.

RPM International (NYSE:RPM) last issued its 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts forecast that RPM International Inc. will post 5.49 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, July 17th. RPM International’s payout ratio is presently 42.40%.

Insider Buying and Selling at RPM International

In other news, VP Matthew T. Ratajczak sold 1,452 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the completion of the sale, the vice president now owns 24,339 shares of the company’s stock, valued at $2,866,890.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

RPM has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Mizuho decreased their price objective on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets upped their price objective on shares of RPM International from $123.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. StockNews.com cut shares of RPM International from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company upped their target price on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $120.80.

RPM International 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.