Public Employees Retirement Association of Colorado Sells 694 Shares of RPM International Inc. (NYSE:RPM)

Public Employees Retirement Association of Colorado decreased its stake in shares of RPM International Inc. (NYSE:RPM) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,221 shares of the specialty chemicals company’s stock after selling 694 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.17% of RPM International worth $23,606,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in RPM International in the 4th quarter worth about $25,000. Rise Advisors LLC bought a new stake in shares of RPM International during the first quarter valued at approximately $38,000. Cambridge Trust Co. raised its holdings in RPM International by 273.3% in the 1st quarter. Cambridge Trust Co. now owns 336 shares of the specialty chemicals company’s stock worth $40,000 after acquiring an additional 246 shares during the last quarter. Versant Capital Management Inc lifted its position in RPM International by 588.9% in the 2nd quarter. Versant Capital Management Inc now owns 372 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 318 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in RPM International during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

RPM International Trading Down 1.7 %

Shares of RPM International stock opened at $122.90 on Friday. RPM International Inc. has a 1-year low of $88.84 and a 1-year high of $125.35. The company’s fifty day simple moving average is $116.52 and its 200-day simple moving average is $113.40. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.97 and a quick ratio of 1.32. The stock has a market capitalization of $15.82 billion, a PE ratio of 28.32, a P/E/G ratio of 1.83 and a beta of 1.00.

RPM International (NYSE:RPM) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $1.36 earnings per share. RPM International’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that RPM International Inc. will post 5.51 earnings per share for the current year.

RPM International Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RPM. Vertical Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Tuesday, July 16th. BMO Capital Markets lowered their target price on shares of RPM International from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 27th. JPMorgan Chase & Co. lowered shares of RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 price target for the company. in a research note on Friday, July 26th. StockNews.com downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Wells Fargo & Company raised their target price on shares of RPM International from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $122.22.

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.