Strs Ohio Boosts Position in RPM International Inc. $RPM

Strs Ohio raised its holdings in shares of RPM International Inc. (NYSE:RPM) by 27.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,615 shares of the specialty chemicals company’s stock after buying an additional 3,592 shares during the period. Strs Ohio’s holdings in RPM International were worth $1,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Curio Wealth LLC grew its position in shares of RPM International by 65,900.0% during the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 659 shares in the last quarter. Tributary Capital Management LLC grew its position in RPM International by 3.5% in the second quarter. Tributary Capital Management LLC now owns 10,106 shares of the specialty chemicals company’s stock worth $1,110,000 after acquiring an additional 342 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of RPM International by 3.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 24,371 shares of the specialty chemicals company’s stock worth $2,677,000 after purchasing an additional 847 shares during the period. Whittier Trust Co. boosted its stake in RPM International by 2.8% during the second quarter. Whittier Trust Co. now owns 47,266 shares of the specialty chemicals company’s stock worth $5,191,000 after buying an additional 1,307 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in RPM International by 18.1% during the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RPM shares. UBS Group boosted their target price on RPM International from $126.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Mizuho boosted their target price on shares of RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Royal Bank Of Canada lowered their price target on RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. Morgan Stanley upped their price objective on RPM International from $113.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Finally, Bank of America upgraded RPM International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $126.00 to $129.00 in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.70.

Insider Buying and Selling at RPM International

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $107.67, for a total value of $40,376.25. Following the completion of the transaction, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

RPM International Trading Down 0.2%

Shares of NYSE:RPM opened at $108.04 on Wednesday. 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 $13.85 billion, a PE ratio of 20.19, a PEG ratio of 1.97 and a beta of 1.05. The business has a 50 day moving average of $117.66 and a two-hundred day moving average of $115.29. The company has a current ratio of 2.26, a quick ratio of 1.51 and a debt-to-equity ratio of 0.87.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the company posted $1.84 earnings per share. RPM International’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts forecast that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. RPM International’s payout ratio is currently 40.37%.

RPM International Company 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.