New Mexico Educational Retirement Board Buys Shares of 33,000 RPM International Inc. (RPM)

New Mexico Educational Retirement Board bought a new position in RPM International Inc. (NYSE:RPM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,000 shares of the specialty chemicals company’s stock, valued at approximately $1,730,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in shares of RPM International by 2.7% in the second quarter. Advisory Services Network LLC now owns 2,174 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 57 shares during the last quarter. Oakbrook Investments LLC boosted its position in shares of RPM International by 14.5% in the third quarter. Oakbrook Investments LLC now owns 12,650 shares of the specialty chemicals company’s stock worth $649,000 after acquiring an additional 1,600 shares during the last quarter. Aperio Group LLC boosted its position in shares of RPM International by 6.5% in the third quarter. Aperio Group LLC now owns 27,742 shares of the specialty chemicals company’s stock worth $1,424,000 after acquiring an additional 1,696 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of RPM International by 1.3% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 152,690 shares of the specialty chemicals company’s stock worth $8,004,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of RPM International by 2.5% in the third quarter. Bessemer Group Inc. now owns 95,757 shares of the specialty chemicals company’s stock worth $4,916,000 after acquiring an additional 2,348 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on RPM shares. TheStreet raised shares of RPM International from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Vertical Research raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $51.00 price target on shares of RPM International in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.80.

In other RPM International news, SVP Edward W. Moore sold 2,578 shares of RPM International stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $53.79, for a total transaction of $138,670.62. Following the transaction, the senior vice president now directly owns 98,417 shares of the company’s stock, valued at $5,293,850.43. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Frank C. Sullivan sold 35,000 shares of RPM International stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.38, for a total transaction of $1,833,300.00. Following the sale, the chairman now owns 1,188,489 shares in the company, valued at approximately $62,253,053.82. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

RPM International Inc. (NYSE RPM) opened at $50.86 on Monday. The firm has a market cap of $6,798.25, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.82 and a beta of 1.46. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 2.23. RPM International Inc. has a 12-month low of $46.80 and a 12-month high of $56.69.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Thursday, January 4th. The specialty chemicals company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.26 billion. RPM International had a net margin of 6.80% and a return on equity of 25.05%. RPM International’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. equities research analysts predict that RPM International Inc. will post 3.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $1.28 dividend on an annualized basis and a yield of 2.52%. RPM International’s dividend payout ratio (DPR) is 49.42%.

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RPM International Profile

RPM International Inc, through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. The Company operates through three segments: the industrial reportable segment (industrial segment), the specialty reportable segment (specialty segment) and the consumer reportable segment (consumer segment).

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

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