Strs Ohio Acquires New Holdings in RPM International Inc. (NYSE:RPM)

Strs Ohio bought a new stake in shares of RPM International Inc. (NYSE:RPM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,091 shares of the specialty chemicals company's stock, valued at approximately $1,684,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. WASHINGTON TRUST Co grew its position in shares of RPM International by 11.2% during the 4th quarter. WASHINGTON TRUST Co now owns 1,062 shares of the specialty chemicals company's stock valued at $119,000 after acquiring an additional 107 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of RPM International by 6.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,375 shares of the specialty chemicals company's stock valued at $225,000 after acquiring an additional 135 shares during the period. Ancora Advisors LLC grew its position in shares of RPM International by 11.5% during the 1st quarter. Ancora Advisors LLC now owns 1,450 shares of the specialty chemicals company's stock valued at $133,000 after acquiring an additional 150 shares during the period. Tributary Capital Management LLC grew its position in shares of RPM International by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 8,832 shares of the specialty chemicals company's stock valued at $986,000 after acquiring an additional 168 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of RPM International by 1.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,201 shares of the specialty chemicals company's stock valued at $1,726,000 after acquiring an additional 267 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RPM. BMO Capital Markets cut their price objective on shares of RPM International from $127.00 to $123.00 and set an "outperform" rating for the company in a research report on Friday, April 5th. UBS Group upped their target price on shares of RPM International from $121.00 to $122.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Mizuho upped their target price on shares of RPM International from $128.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Finally, Robert W. Baird upped their target price on shares of RPM International from $105.00 to $120.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, RPM International presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.11.

Insider Buying and Selling

In related news, VP Matthew T. Ratajczak sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $109.63, for a total value of $657,780.00. Following the sale, the vice president now directly owns 23,451 shares of the company's stock, valued at approximately $2,570,933.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Frederick R. Nance sold 1,835 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $109.05, for a total transaction of $200,106.75. Following the transaction, the director now directly owns 8,180 shares of the company's stock, valued at $892,029. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew T. Ratajczak sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $109.63, for a total transaction of $657,780.00. Following the transaction, the vice president now directly owns 23,451 shares in the company, valued at $2,570,933.13. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

RPM International Price Performance

Shares of NYSE RPM traded down $0.81 during mid-day trading on Friday, hitting $106.57. 644,776 shares of the company's stock traded hands, compared to its average volume of 587,063. The company's 50-day moving average is $113.77 and its two-hundred day moving average is $107.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.29 and a quick ratio of 1.39. The company has a market capitalization of $13.72 billion, a P/E ratio of 24.56, a PEG ratio of 1.68 and a beta of 1.04. RPM International Inc. has a 1 year low of $78.52 and a 1 year high of $120.74.

RPM International (NYSE:RPM - Get Free Report) last announced its earnings results on Thursday, April 4th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.52 billion. RPM International had a net margin of 7.61% and a return on equity of 26.72%. The business's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. On average, equities analysts anticipate that RPM International Inc. will post 4.94 EPS for the current fiscal year.

RPM International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, April 18th. RPM International's dividend payout ratio (DPR) is currently 42.40%.

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.