Symmetry Partners LLC Sells 345 Shares of RPM International Inc. (NYSE:RPM)

Symmetry Partners LLC reduced its holdings in shares of RPM International Inc. (NYSE:RPM) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,028 shares of the specialty chemicals company’s stock after selling 345 shares during the quarter. Symmetry Partners LLC’s holdings in RPM International were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. California State Teachers Retirement System boosted its stake in shares of RPM International by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 252,046 shares of the specialty chemicals company’s stock worth $29,981,000 after acquiring an additional 12,791 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of 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 period. Russell Investments Group Ltd. boosted its stake in shares of RPM International by 16.5% during the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock worth $18,919,000 after acquiring an additional 22,388 shares during the period. New York State Teachers Retirement System boosted its stake in shares of RPM International by 5.9% during the 1st quarter. New York State Teachers Retirement System now owns 155,254 shares of the specialty chemicals company’s stock worth $18,467,000 after acquiring an additional 8,691 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of RPM International by 61.6% during the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock worth $11,903,000 after acquiring an additional 38,135 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Insider Activity at RPM International

In related news, VP Matthew T. Ratajczak sold 1,452 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $117.79, for a total transaction of $171,031.08. Following the sale, the vice president now owns 24,339 shares in the company, valued at approximately $2,866,890.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

RPM International Trading Down 0.6 %

Shares of NYSE RPM traded down $0.66 during trading on Friday, reaching $114.11. The company had a trading volume of 228,811 shares, compared to its average volume of 631,911. The company’s fifty day moving average price is $111.60 and its 200-day moving average price is $111.70. RPM International Inc. has a 12 month low of $88.84 and a 12 month high of $122.92. The stock has a market cap of $14.70 billion, a P/E ratio of 26.39, a PEG ratio of 1.77 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 released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, meeting analysts’ consensus estimates of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue was down .4% on a year-over-year basis. As a group, research analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. RPM International’s payout ratio is 42.40%.

Analyst Ratings Changes

Several research analysts have recently commented on RPM shares. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Vertical Research raised RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. cut RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Friday, July 26th. StockNews.com raised RPM International from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, BMO Capital Markets lifted their price objective on RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $122.33.

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.