Teachers Advisors LLC lessened its holdings in RPM International Inc. (NYSE:RPM) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,469 shares of the specialty chemicals company’s stock after selling 2,440 shares during the quarter. Teachers Advisors LLC’s holdings in RPM International were worth $9,382,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in RPM. Bank of New York Mellon Corp raised its stake in RPM International by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 1,682,584 shares of the specialty chemicals company’s stock valued at $109,267,000 after purchasing an additional 7,278 shares in the last quarter. California Public Employees Retirement System raised its stake in RPM International by 15.1% in the second quarter. California Public Employees Retirement System now owns 364,449 shares of the specialty chemicals company’s stock valued at $21,255,000 after purchasing an additional 47,923 shares in the last quarter. BTIM Corp. raised its stake in RPM International by 2.4% in the third quarter. BTIM Corp. now owns 293,460 shares of the specialty chemicals company’s stock valued at $19,058,000 after purchasing an additional 6,958 shares in the last quarter. American International Group Inc. raised its stake in RPM International by 0.8% in the third quarter. American International Group Inc. now owns 271,384 shares of the specialty chemicals company’s stock valued at $17,624,000 after purchasing an additional 2,130 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in RPM International by 2.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 184,675 shares of the specialty chemicals company’s stock valued at $11,993,000 after purchasing an additional 4,000 shares in the last quarter. 74.96% of the stock is owned by institutional investors.
Shares of NYSE RPM opened at $54.65 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.83 and a quick ratio of 1.15. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33. RPM International Inc. has a 12 month low of $46.36 and a 12 month high of $68.13.
RPM International (NYSE:RPM) last issued its earnings results on Friday, January 4th. The specialty chemicals company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.15). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. RPM International had a return on equity of 21.39% and a net margin of 4.47%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. On average, sell-side analysts predict that RPM International Inc. will post 2.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, January 15th. RPM International’s payout ratio is 47.95%.
A number of research analysts recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $59.00 price target on shares of RPM International in a research note on Sunday, January 6th. BMO Capital Markets dropped their price target on RPM International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Monday, October 8th. Zacks Investment Research raised RPM International from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday, December 14th. Morgan Stanley reaffirmed a “buy” rating on shares of RPM International in a research note on Monday, October 8th. Finally, Vertical Research downgraded RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $65.25.
In other RPM International news, Director John M. Ballbach bought 3,360 shares of the stock in a transaction on Monday, October 15th. The stock was purchased at an average price of $59.53 per share, with a total value of $200,020.80. Following the completion of the purchase, the director now owns 13,260 shares in the company, valued at $789,367.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.
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RPM International Company 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.
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