Mutual of America Capital Management LLC raised its holdings in RPM International Inc. (NYSE:RPM) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,400 shares of the specialty chemicals company’s stock after acquiring an additional 3,146 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of RPM International worth $5,968,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of RPM. Trust Co. of Vermont lifted its holdings in RPM International by 116.9% in the 2nd quarter. Trust Co. of Vermont now owns 2,820 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 1,520 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in RPM International by 7.0% in the 1st quarter. DF Dent & Co. Inc. now owns 4,385 shares of the specialty chemicals company’s stock valued at $241,000 after acquiring an additional 285 shares during the last quarter. Airain ltd acquired a new stake in RPM International in the 1st quarter valued at about $295,000. Meadow Creek Investment Management LLC lifted its holdings in RPM International by 4.1% in the 1st quarter. Meadow Creek Investment Management LLC now owns 6,204 shares of the specialty chemicals company’s stock valued at $341,000 after acquiring an additional 242 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in RPM International by 52.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,623 shares of the specialty chemicals company’s stock valued at $416,000 after acquiring an additional 2,623 shares during the last quarter. 73.49% of the stock is owned by institutional investors.
In other RPM International news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $52.04, for a total transaction of $549,958.72. Following the transaction, the senior vice president now owns 92,549 shares in the company, valued at $4,816,249.96. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is currently owned by company insiders.
Several analysts have issued reports on the company. Wellington Shields upgraded RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. BidaskClub upgraded RPM International from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded RPM International from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Tuesday, May 30th. Royal Bank Of Canada restated a “hold” rating and set a $49.00 price objective on shares of RPM International in a report on Tuesday, June 13th. Finally, Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of RPM International in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.71.
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Shares of RPM International Inc. (NYSE:RPM) opened at 51.00 on Thursday. The firm has a market cap of $6.82 billion, a P/E ratio of 37.36 and a beta of 1.55. The firm’s 50-day moving average price is $49.55 and its 200 day moving average price is $52.74. RPM International Inc. has a 12-month low of $46.25 and a 12-month high of $56.48.
RPM International (NYSE:RPM) last issued its earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.15). RPM International had a return on equity of 25.02% and a net margin of 3.67%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.13 EPS. RPM International’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that RPM International Inc. will post $2.88 earnings per share for the current fiscal year.
RPM International Company 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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