Public Employees Retirement Association of Colorado Has $26.16 Million Position in RPM International Inc. (NYSE:RPM)

Public Employees Retirement Association of Colorado lowered its stake in shares of RPM International Inc. (NYSE:RPM) by 0.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 219,915 shares of the specialty chemicals company’s stock after selling 891 shares during the period. Public Employees Retirement Association of Colorado’s holdings in RPM International were worth $26,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new stake in shares of RPM International in the 4th quarter valued at $357,000. Mediolanum International Funds Ltd bought a new position in RPM International in the 1st quarter worth $1,882,000. United Services Automobile Association bought a new position in RPM International in the 4th quarter worth $1,131,000. SG Americas Securities LLC raised its holdings in RPM International by 193.7% in the 1st quarter. SG Americas Securities LLC now owns 32,268 shares of the specialty chemicals company’s stock worth $3,838,000 after acquiring an additional 21,282 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in RPM International by 2.9% in the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock worth $54,553,000 after acquiring an additional 13,860 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

RPM International Stock Performance

RPM International stock traded up $0.60 during mid-day trading on Monday, hitting $118.16. 269,784 shares of the company’s stock traded hands, compared to its average volume of 623,953. The firm has a 50 day simple moving average of $110.64 and a two-hundred day simple moving average of $111.16. RPM International Inc. has a fifty-two week low of $88.84 and a fifty-two week high of $121.63. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32.

RPM International (NYSE:RPM) last posted its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. RPM International had a return on equity of 26.80% and a net margin of 8.02%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The company’s revenue was down .4% on a year-over-year basis. On average, research analysts expect that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, July 17th. RPM International’s dividend payout ratio is currently 42.40%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RPM shares. Vertical Research upgraded shares of RPM International from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Tuesday, July 16th. BMO Capital Markets upped their target price on shares of RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com downgraded RPM International from a “buy” rating to a “hold” rating in a report on Friday. 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 report on Tuesday, July 9th. Finally, Wells Fargo & Company upped their price objective on RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $120.80.

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.