Public Employees Retirement System of Ohio Has $6.20 Million Stake in RPM International Inc. (NYSE:RPM)

Public Employees Retirement System of Ohio raised its position in shares of RPM International Inc. (NYSE:RPM) by 5.8% during the third quarter, HoldingsChannel.com reports. The fund owned 51,260 shares of the specialty chemicals company’s stock after buying an additional 2,794 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in RPM International were worth $6,202,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RPM. Christopher J. Hasenberg Inc bought a new stake in shares of RPM International during the 3rd quarter valued at about $35,000. National Pension Service boosted its holdings in shares of RPM International by 4.8% during the 3rd quarter. National Pension Service now owns 224,212 shares of the specialty chemicals company’s stock worth $27,130,000 after buying an additional 10,317 shares in the last quarter. One Capital Management LLC grew its position in shares of RPM International by 25.3% during the 2nd quarter. One Capital Management LLC now owns 101,724 shares of the specialty chemicals company’s stock worth $10,954,000 after buying an additional 20,556 shares during the period. Hardin Capital Partners LLC bought a new stake in shares of RPM International in the 2nd quarter valued at $363,000. Finally, Bangor Savings Bank increased its stake in shares of RPM International by 4,032.6% in the 3rd quarter. Bangor Savings Bank now owns 7,356 shares of the specialty chemicals company’s stock valued at $890,000 after acquiring an additional 7,178 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of RPM International from $125.00 to $134.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $149.00 target price (up from $139.00) on shares of RPM International in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price target on RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on RPM International from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $129.70.

RPM International Stock Down 0.3 %

Shares of NYSE:RPM opened at $132.41 on Friday. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.00 and a beta of 1.00. The business’s 50 day moving average is $133.77 and its 200 day moving average is $121.31. RPM International Inc. has a 12-month low of $100.82 and a 12-month high of $141.79. The company has a quick ratio of 1.48, a current ratio of 2.26 and a debt-to-equity ratio of 0.77.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, October 2nd. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a net margin of 8.43% and a return on equity of 26.82%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 EPS. On average, sell-side analysts forecast that RPM International Inc. will post 5.56 earnings per share for the current fiscal year.

RPM International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.51 dividend. This is a positive change from RPM International’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.04 annualized dividend and a yield of 1.54%. RPM International’s dividend payout ratio (DPR) is 42.77%.

Insiders Place Their Bets

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $128.75, for a total transaction of $406,335.00. Following the completion of the sale, the vice president now directly owns 21,183 shares of the company’s stock, valued at $2,727,311.25. This trade represents a 12.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total transaction of $80,469.18. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at $1,155,017.22. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,083 shares of company stock valued at $1,443,549 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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.