Oregon Public Employees Retirement Fund Acquires 389 Shares of RPM International Inc. (NYSE:RPM)

Oregon Public Employees Retirement Fund grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,336 shares of the specialty chemicals company’s stock after acquiring an additional 389 shares during the period. Oregon Public Employees Retirement Fund’s holdings in RPM International were worth $3,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of RPM. Tompkins Financial Corp grew its position in shares of RPM International by 63.2% during the 1st quarter. Tompkins Financial Corp now owns 532 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 206 shares during the period. Lenox Wealth Management Inc. bought a new position in RPM International in the 1st quarter worth $46,000. Carroll Financial Associates Inc. boosted its holdings in RPM International by 4,900.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,350 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 1,323 shares during the period. Private Capital Group LLC boosted its holdings in RPM International by 19.9% in the 1st quarter. Private Capital Group LLC now owns 1,565 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 260 shares during the period. Finally, Winfield Associates Inc. bought a new position in RPM International in the 2nd quarter worth $196,000. 76.73% of the stock is owned by hedge funds and other institutional investors.

RPM has been the subject of several recent analyst reports. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. upgraded shares of RPM International from an “underweight” rating to a “neutral” rating and upped their target price for the company from $50.00 to $55.00 in a research report on Monday, April 8th. TheStreet upgraded shares of RPM International from a “c+” rating to an “a-” rating in a research note on Monday, July 22nd. Gabelli reissued a “buy” rating on shares of RPM International in a research report on Monday, April 8th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of RPM International in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.33.

Shares of RPM International stock traded down $0.36 during trading on Friday, hitting $65.76. 7,987 shares of the company’s stock were exchanged, compared to its average volume of 670,093. The company has a quick ratio of 1.09, a current ratio of 1.64 and a debt-to-equity ratio of 1.40. The firm’s 50-day simple moving average is $62.61. RPM International Inc. has a 52-week low of $51.95 and a 52-week high of $68.86. The company has a market cap of $8.86 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 1.52 and a beta of 1.27.

RPM International (NYSE:RPM) last issued its earnings results on Monday, July 22nd. The specialty chemicals company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.10. RPM International had a net margin of 4.79% and a return on equity of 23.46%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company posted $1.05 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts forecast that RPM International Inc. will post 3.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 16th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.13%. RPM International’s dividend payout ratio (DPR) is presently 51.66%.

In related news, Director Frederick R. Nance sold 1,100 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $66.54, for a total transaction of $73,194.00. Following the completion of the transaction, the director now owns 16,581 shares of the company’s stock, valued at $1,103,299.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

See Also: Buy-Side Analysts

Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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