California State Teachers Retirement System Has $36.62 Million Position in RPM International Inc. (NYSE:RPM)

California State Teachers Retirement System boosted its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 297,557 shares of the specialty chemicals company's stock after acquiring an additional 10,185 shares during the quarter. California State Teachers Retirement System owned approximately 0.23% of RPM International worth $36,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPM. Bank of New York Mellon Corp raised its position in RPM International by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,430,472 shares of the specialty chemicals company's stock valued at $176,034,000 after acquiring an additional 87,540 shares in the last quarter. Geode Capital Management LLC raised its position in RPM International by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 2,735,940 shares of the specialty chemicals company's stock valued at $336,198,000 after acquiring an additional 79,256 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in RPM International by 39.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 279,570 shares of the specialty chemicals company's stock valued at $34,404,000 after purchasing an additional 78,828 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in RPM International during the fourth quarter valued at approximately $9,161,000. Finally, KLP Kapitalforvaltning AS acquired a new position in RPM International during the fourth quarter valued at approximately $5,612,000. Institutional investors own 80.95% of the company's stock.

RPM International Stock Performance

Shares of RPM International stock traded down $1.24 during midday trading on Monday, hitting $112.60. The company had a trading volume of 672,206 shares, compared to its average volume of 683,877. The business's 50 day simple moving average is $109.31 and its two-hundred day simple moving average is $119.99. The stock has a market cap of $14.46 billion, a PE ratio of 22.25, a P/E/G ratio of 1.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.23 and a quick ratio of 1.46. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79.

RPM International (NYSE:RPM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.15). RPM International had a return on equity of 26.76% and a net margin of 8.89%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm's quarterly revenue was down 3.0% on a year-over-year basis. As a group, equities analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.51 per share. The ex-dividend date was Thursday, April 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.81%. RPM International's dividend payout ratio is currently 40.88%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Fermium Researc upgraded RPM International to a "hold" rating in a report on Wednesday, April 9th. Citigroup assumed coverage on RPM International in a report on Monday. They set a "buy" rating and a $135.00 price target on the stock. Wells Fargo & Company lowered their price target on RPM International from $140.00 to $116.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird lowered their price target on RPM International from $125.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, RPM International currently has a consensus rating of "Moderate Buy" and an average target price of $123.27.

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.