Public Employees Retirement System of Ohio Purchases 2,794 Shares of RPM International Inc. (NYSE:RPM)

Public Employees Retirement System of Ohio grew its holdings in RPM International Inc. (NYSE:RPM) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,260 shares of the specialty chemicals company’s stock after acquiring an additional 2,794 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in RPM International were worth $6,202,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RPM. Dorsey Wright & Associates raised its stake in RPM International by 4.0% in the 3rd quarter. Dorsey Wright & Associates now owns 26,194 shares of the specialty chemicals company’s stock worth $3,169,000 after purchasing an additional 1,006 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of RPM International by 37.8% in the third quarter. iA Global Asset Management Inc. now owns 1,826 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 501 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of RPM International by 2,975.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,742 shares of the specialty chemicals company’s stock valued at $24,290,000 after buying an additional 194,215 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in RPM International during the third quarter worth approximately $330,000. Finally, Fifth Third Wealth Advisors LLC increased its stake in RPM International by 8.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,805 shares of the specialty chemicals company’s stock worth $581,000 after acquiring an additional 382 shares during the period. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RPM. StockNews.com upgraded RPM International from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of RPM International from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their target price on shares of RPM International from $107.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of RPM International from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $149.00 price objective (up from $139.00) on shares of RPM International in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $129.70.

RPM International Stock Down 0.3 %

Shares of NYSE:RPM opened at $132.41 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.48 and a current ratio of 2.26. RPM International Inc. has a 52-week low of $100.82 and a 52-week high of $141.79. The company has a market capitalization of $17.04 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.00. The company has a fifty day moving average of $133.77 and a 200-day moving average of $121.31.

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

RPM International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.51 dividend. This is a boost from RPM International’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, October 18th. RPM International’s dividend payout ratio is 42.77%.

Insider Activity

In other news, VP Matthew T. Ratajczak sold 3,156 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $128.75, for a total value of $406,335.00. Following the completion of the sale, the vice president now owns 21,183 shares of the company’s stock, valued at approximately $2,727,311.25. This represents a 12.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederick R. Nance sold 594 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the transaction, the director now owns 8,526 shares of the company’s stock, 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. Over the last 90 days, insiders sold 11,083 shares of company stock valued at $1,443,549. Insiders own 1.60% of the company’s stock.

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.