New York State Teachers Retirement System Sells 2,969 Shares of RPM International Inc. (NYSE:RPM)

New York State Teachers Retirement System decreased its holdings in RPM International Inc. (NYSE:RPM - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,276 shares of the specialty chemicals company's stock after selling 2,969 shares during the period. New York State Teachers Retirement System owned 0.11% of RPM International worth $17,037,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in RPM. EverSource Wealth Advisors LLC boosted its stake in RPM International by 55.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 236 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 84 shares during the period. Fiduciary Alliance LLC lifted its holdings in shares of RPM International by 1.3% in the first quarter. Fiduciary Alliance LLC now owns 9,163 shares of the specialty chemicals company's stock worth $1,060,000 after buying an additional 116 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of RPM International by 58.7% in the fourth quarter. Farther Finance Advisors LLC now owns 419 shares of the specialty chemicals company's stock worth $52,000 after buying an additional 155 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of RPM International by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,344 shares of the specialty chemicals company's stock worth $271,000 after acquiring an additional 161 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in RPM International by 6.6% in the 4th quarter. TIAA Trust National Association now owns 3,827 shares of the specialty chemicals company's stock valued at $471,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

RPM International Trading Up 0.2%

Shares of NYSE:RPM traded up $0.24 during trading hours on Thursday, hitting $113.36. 375,579 shares of the company's stock traded hands, compared to its average volume of 697,199. The firm has a market capitalization of $14.56 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03. The business has a fifty day moving average price of $111.34 and a 200-day moving average price of $116.38. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.22 and a quick ratio of 1.38.

RPM International (NYSE:RPM - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.15). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. RPM International had a return on equity of 25.08% and a net margin of 8.82%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. Equities analysts expect that RPM International Inc. will post 5.5 earnings per share for the current year.

RPM International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.80%. RPM International's payout ratio is currently 40.88%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RPM. Citigroup initiated coverage on RPM International in a report on Monday, June 2nd. They issued a "buy" rating and a $135.00 target price on the stock. UBS Group reduced their price target on shares of RPM International from $113.00 to $110.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Fermium Researc upgraded shares of RPM International to a "hold" rating in a research report on Wednesday, April 9th. BMO Capital Markets boosted their target price on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Finally, Royal Bank Of Canada decreased their target price on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RPM International presently has an average rating of "Moderate Buy" and a consensus target price of $125.91.

RPM International 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.