New York State Common Retirement Fund Decreases Position in RPM International Inc. (NYSE:RPM)

New York State Common Retirement Fund cut its position in shares of RPM International Inc. (NYSE:RPM - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,373 shares of the specialty chemicals company's stock after selling 3,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of RPM International worth $11,983,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RPM. Forsta AP Fonden raised its stake in shares of RPM International by 166.7% during the third quarter. Forsta AP Fonden now owns 68,800 shares of the specialty chemicals company's stock worth $8,325,000 after acquiring an additional 43,000 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of RPM International by 56.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 34,416 shares of the specialty chemicals company's stock valued at $4,164,000 after purchasing an additional 12,470 shares during the last quarter. New York State Teachers Retirement System raised its position in RPM International by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 150,891 shares of the specialty chemicals company's stock worth $18,258,000 after purchasing an additional 754 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in RPM International by 61.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 82 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in RPM International by 2.7% in the third quarter. Janney Montgomery Scott LLC now owns 87,967 shares of the specialty chemicals company's stock worth $10,644,000 after purchasing an additional 2,321 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on RPM International from $126.00 to $124.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. UBS Group boosted their price objective on RPM International from $123.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday, December 19th. Wells Fargo & Company upgraded shares of RPM International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $134.00 to $140.00 in a report on Wednesday, January 8th. Mizuho decreased their target price on shares of RPM International from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Finally, StockNews.com cut shares of RPM International from a "buy" rating to a "hold" rating in a research report on Tuesday. Six investment 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.00.

RPM International Stock Up 1.8 %

Shares of NYSE:RPM traded up $2.19 during trading on Friday, hitting $123.97. The stock had a trading volume of 1,023,531 shares, compared to its average volume of 686,634. 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 12 month low of $103.68 and a 12 month high of $141.79. The company has a market capitalization of $15.94 billion, a PE ratio of 24.50, a PEG ratio of 1.97 and a beta of 1.01. The firm's fifty day moving average is $123.84 and its 200 day moving average is $126.06.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. RPM International had a return on equity of 26.76% and a net margin of 8.89%. The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 earnings per share. Analysts anticipate that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, January 17th. RPM International's dividend payout ratio (DPR) is presently 40.32%.

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.