New York State Common Retirement Fund Sells 12,053 Shares of RPM International Inc. (NYSE:RPM)

New York State Common Retirement Fund reduced its position in RPM International Inc. (NYSE:RPM - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,569 shares of the specialty chemicals company's stock after selling 12,053 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of RPM International worth $13,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RPM. Campbell & CO Investment Adviser LLC purchased a new position in RPM International in the 3rd quarter valued at about $3,487,000. Tudor Investment Corp Et Al acquired a new stake in shares of RPM International in the 3rd quarter valued at about $2,277,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of RPM International by 93.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 44,116 shares of the specialty chemicals company's stock valued at $4,183,000 after purchasing an additional 21,268 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of RPM International by 404.3% in the 3rd quarter. Quantbot Technologies LP now owns 19,255 shares of the specialty chemicals company's stock valued at $1,826,000 after purchasing an additional 15,437 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of RPM International in the 4th quarter valued at about $1,684,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

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

RPM International Stock Performance

NYSE RPM traded down $1.67 on Tuesday, hitting $106.91. The stock had a trading volume of 541,598 shares, compared to its average volume of 610,779. RPM International Inc. has a one year low of $78.52 and a one year high of $120.74. The company has a quick ratio of 1.39, a current ratio of 2.29 and a debt-to-equity ratio of 0.93. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.69 and a beta of 1.04. The company's 50-day moving average is $113.66 and its two-hundred day moving average is $107.40.

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

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, April 18th. RPM International's dividend payout ratio (DPR) is 42.40%.

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.