RPM International Inc. $RPM Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of RPM International Inc. (NYSE:RPM - Free Report) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,869 shares of the specialty chemicals company's stock after selling 39,446 shares during the quarter. California State Teachers Retirement System owned about 0.28% of RPM International worth $39,221,389 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Operose Advisors LLC bought a new position in shares of RPM International in the 2nd quarter worth about $26,000. Danske Bank A S purchased a new stake in shares of RPM International in the 2nd quarter worth approximately $47,000. Rothschild Investment LLC increased its holdings in shares of RPM International by 2,387.0% during the 4th quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company's stock valued at $59,000 after purchasing an additional 549 shares in the last quarter. Castleark Management LLC acquired a new position in shares of RPM International in the 2nd quarter valued at $64,000. Finally, USA Financial Formulas purchased a new stake in shares of RPM International during the 1st quarter worth approximately $67,000. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

RPM has been the subject of several research reports. KeyCorp assumed coverage on RPM International in a research report on Friday. They issued an "overweight" rating and a $123.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of RPM International in a research report on Friday, July 24th. Wall Street Zen downgraded shares of RPM International from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. BMO Capital Markets upped their price target on RPM International from $143.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley decreased their price objective on RPM International from $121.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.75.

RPM International Stock Down 1.0%

Shares of RPM International stock traded down $1.02 during midday trading on Tuesday, reaching $99.79. 218,968 shares of the company's stock traded hands, compared to its average volume of 1,062,203. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.68. The company's 50 day simple moving average is $107.38 and its 200 day simple moving average is $105.27. RPM International Inc. has a 52 week low of $92.92 and a 52 week high of $127.14. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that RPM International Inc. will post 5.99 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. RPM International's dividend payout ratio (DPR) is 41.86%.

About RPM International

RPM International Inc NYSE: RPM is a multinational manufacturer of specialty coatings, sealants, adhesives, and related products. The company serves the construction, industrial, automotive, marine, consumer, and specialty markets through a portfolio of businesses that develop products for protecting, repairing, and enhancing residential, commercial, and industrial surfaces.

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.

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