Strs Ohio Invests $1.51 Million in RPM International Inc. $RPM

Key Points

• Strs Ohio has invested approximately $1.51 million in RPM International Inc. by acquiring 13,023 shares during the first quarter.
• Several analysts have raised their target prices for RPM International, with UBS increasing it from $110.00 to $119.00 and Wells Fargo from $131.00 to $145.00.
• The company recently declared a quarterly dividend of $0.51, reflecting an annualized dividend yield of 1.6%.

Strs Ohio acquired a new position in shares of RPM International Inc. (NYSE:RPM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,023 shares of the specialty chemicals company's stock, valued at approximately $1,507,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. United Services Automobile Association bought a new stake in shares of RPM International during the 1st quarter worth about $948,000. Amundi boosted its holdings in shares of RPM International by 2.3% during the 1st quarter. Amundi now owns 169,954 shares of the specialty chemicals company's stock worth $19,135,000 after buying an additional 3,788 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of RPM International by 6.3% during the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company's stock worth $32,204,000 after buying an additional 16,549 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of RPM International by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 14,727 shares of the specialty chemicals company's stock worth $1,704,000 after buying an additional 155 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company's stock worth $39,143,000 after buying an additional 33,016 shares during the period. Institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Morgan Stanley lifted their target price on shares of RPM International from $113.00 to $124.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Royal Bank Of Canada lifted their target price on shares of RPM International from $115.00 to $125.00 and gave the stock a "sector perform" rating in a report on Monday, July 28th. Finally, Bank of America raised shares of RPM International from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.09.

Insider Activity at RPM International

In other news, Director Frederick R. Nance sold 1,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $119.36, for a total value of $119,360.00. Following the sale, the director directly owned 7,394 shares of the company's stock, valued at approximately $882,547.84. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company's stock.

RPM International Stock Performance

Shares of RPM International stock opened at $125.39 on Wednesday. The company has a 50 day moving average of $120.93 and a 200-day moving average of $114.86. RPM International Inc. has a 1-year low of $95.28 and a 1-year high of $141.79. The company has a current ratio of 2.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.91. The company has a market cap of $16.09 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04.

RPM International (NYSE:RPM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.02 billion. RPM International had a net margin of 9.34% and a return on equity of 24.94%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.56 EPS. As a group, equities research analysts forecast that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 15th. RPM International's dividend payout ratio is currently 38.13%.

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.

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