Police & Firemen s Retirement System of New Jersey Grows Holdings in RPM International Inc. $RPM

Police & Firemen s Retirement System of New Jersey boosted its position in RPM International Inc. (NYSE:RPM - Free Report) by 5.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 48,413 shares of the specialty chemicals company's stock after purchasing an additional 2,365 shares during the period. Police & Firemen s Retirement System of New Jersey's holdings in RPM International were worth $5,318,000 as of its most recent SEC filing.

• RPM International Thrives in Rate-Cut Driven Construction Rally

Other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of RPM International by 277.8% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 250 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in RPM International by 43.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 390 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 118 shares during the period. Curio Wealth LLC boosted its position in RPM International by 65,900.0% in the second quarter. Curio Wealth LLC now owns 660 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 659 shares during the last quarter. Parallel Advisors LLC grew its stake in RPM International by 28.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company's stock valued at $118,000 after purchasing an additional 239 shares during the period. Finally, Archer Investment Corp increased its position in shares of RPM International by 21.2% during the 1st quarter. Archer Investment Corp now owns 1,149 shares of the specialty chemicals company's stock valued at $133,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RPM. Weiss Ratings reissued a "hold (c+)" rating on shares of RPM International in a report on Thursday. Morgan Stanley boosted their target price on shares of RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Mizuho raised their price target on shares of RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada dropped their price objective on RPM International from $125.00 to $121.00 and set a "sector perform" rating on the stock in a research note on Monday, October 6th. Finally, Wells Fargo & Company boosted their target price on RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, RPM International has an average rating of "Hold" and a consensus price target of $130.18.

• RPM International Pulls Back Critical Levels; Is It Time To Buy?

Get Our Latest Stock Analysis on RPM International

RPM International Stock Down 1.3%

RPM stock opened at $106.70 on Friday. The stock has a 50-day simple moving average of $114.83 and a two-hundred day simple moving average of $115.32. RPM International Inc. has a twelve month low of $95.28 and a twelve month high of $141.79. The firm has a market capitalization of $13.68 billion, a PE ratio of 19.94, a PEG ratio of 1.97 and a beta of 1.05. The company has a quick ratio of 1.51, a current ratio of 2.26 and a debt-to-equity ratio of 0.87.

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RPM International (NYSE:RPM - Get Free Report) last released its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. RPM International's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.84 earnings per share. On average, equities analysts predict that RPM International Inc. will post 5.5 EPS for the current fiscal year.

RPM International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, October 20th. This is an increase from RPM International's previous quarterly dividend of $0.51. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. RPM International's payout ratio is currently 40.37%.

Insider Activity

In related news, Director Salvatore D. Fazzolari sold 375 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $107.67, for a total value of $40,376.25. Following the sale, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

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.

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