Public Employees Retirement System of Ohio lifted its position in shares of RPM International Inc. (NYSE:RPM) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,844 shares of the specialty chemicals company’s stock after purchasing an additional 14,004 shares during the period. Public Employees Retirement System of Ohio owned 0.07% of RPM International worth $6,519,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Benedict Financial Advisors Inc. increased its position in RPM International by 0.9% in the second quarter. Benedict Financial Advisors Inc. now owns 19,548 shares of the specialty chemicals company’s stock worth $1,467,000 after buying an additional 169 shares during the last quarter. Wellington Shields Capital Management LLC increased its position in RPM International by 3.2% in the second quarter. Wellington Shields Capital Management LLC now owns 6,125 shares of the specialty chemicals company’s stock worth $460,000 after buying an additional 190 shares in the last quarter. Dupont Capital Management Corp raised its holdings in RPM International by 1.5% during the second quarter. Dupont Capital Management Corp now owns 15,835 shares of the specialty chemicals company’s stock valued at $1,189,000 after acquiring an additional 232 shares during the period. Cigna Investments Inc. New raised its position in shares of RPM International by 7.5% during the first quarter. Cigna Investments Inc. New now owns 3,566 shares of the specialty chemicals company’s stock valued at $212,000 after buying an additional 250 shares during the last quarter. Finally, Column Capital Advisors LLC increased its holdings in shares of RPM International by 37.1% in the first quarter. Column Capital Advisors LLC now owns 1,141 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 309 shares during the last quarter. 77.78% of the stock is currently owned by institutional investors.
A number of research firms recently commented on RPM. BMO Capital Markets lifted their price target on shares of RPM International from $80.00 to $101.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. TheStreet upgraded shares of RPM International from a “c+” rating to a “b” rating in a report on Monday, June 8th. Royal Bank of Canada increased their price target on shares of RPM International from $78.00 to $93.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Northcoast Research restated a “neutral” rating on shares of RPM International in a research note on Monday, July 27th. Finally, Wells Fargo & Company increased their price objective on shares of RPM International from $93.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.63.
Shares of RPM International stock traded down $0.17 during trading hours on Wednesday, hitting $85.00. 684 shares of the company were exchanged, compared to its average volume of 689,693. The company has a current ratio of 2.22, a quick ratio of 1.47 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average of $84.19 and a 200-day moving average of $72.63. RPM International Inc. has a 1 year low of $42.85 and a 1 year high of $87.80. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 1.50 and a beta of 1.13.
RPM International (NYSE:RPM) last issued its earnings results on Monday, July 27th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. RPM International had a net margin of 5.53% and a return on equity of 29.73%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. As a group, research analysts anticipate that RPM International Inc. will post 3.68 earnings per share for the current fiscal year.
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.
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