Public Employees Retirement Association of Colorado Cuts Holdings in RPM International Inc. (NYSE:RPM)

Public Employees Retirement Association of Colorado reduced its position in RPM International Inc. (NYSE:RPM) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,221 shares of the specialty chemicals company’s stock after selling 694 shares during the period. Public Employees Retirement Association of Colorado’s holdings in RPM International were worth $23,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RPM. V Square Quantitative Management LLC bought a new stake in RPM International in the 4th quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in shares of RPM International in the first quarter valued at $38,000. Cambridge Trust Co. increased its position in RPM International by 273.3% in the first quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 246 shares during the last quarter. Versant Capital Management Inc raised its stake in RPM International by 588.9% during the second quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in RPM International during the second quarter valued at $45,000. 80.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of RPM International from $136.00 to $134.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research report on Tuesday, July 16th. BMO Capital Markets lowered their price objective on RPM International from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Tuesday, August 27th. JPMorgan Chase & Co. downgraded RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Friday, July 26th. Finally, UBS Group lowered their price target on RPM International from $122.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.22.

RPM International Stock Performance

RPM stock opened at $122.90 on Friday. RPM International Inc. has a twelve month low of $88.84 and a twelve month high of $125.35. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.83 and a beta of 1.00. The business’s fifty day simple moving average is $116.52 and its two-hundred day simple moving average is $113.40. 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 posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 EPS for the quarter, hitting the consensus estimate of $1.56. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. RPM International had a net margin of 8.02% and a return on equity of 26.80%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. Analysts predict that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th were issued a $0.46 dividend. The ex-dividend date was Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. RPM International’s payout ratio is 42.40%.

Insider Buying and Selling

In other RPM International news, CEO Frank C. Sullivan sold 57,083 shares of RPM International stock in a transaction on Friday, August 16th. The stock was sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the sale, the chief executive officer now directly owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other RPM International news, VP Matthew T. Ratajczak sold 1,452 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $117.79, for a total transaction of $171,031.08. Following the transaction, the vice president now owns 24,339 shares of the company’s stock, valued at approximately $2,866,890.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank C. Sullivan sold 57,083 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $116.06, for a total transaction of $6,625,052.98. Following the completion of the sale, the chief executive officer now owns 1,039,040 shares of the company’s stock, valued at approximately $120,590,982.40. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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.