Campbell & CO Investment Adviser LLC Sells 38,811 Shares of RPM International Inc. $RPM

Campbell & CO Investment Adviser LLC reduced its holdings in RPM International Inc. (NYSE:RPM) by 80.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,293 shares of the specialty chemicals company’s stock after selling 38,811 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in RPM International were worth $1,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Trust Walden Corp raised its stake in shares of RPM International by 8.5% in the 3rd quarter. Boston Trust Walden Corp now owns 652,716 shares of the specialty chemicals company’s stock valued at $76,942,000 after purchasing an additional 51,152 shares during the period. Quantbot Technologies LP bought a new position in shares of RPM International during the second quarter worth about $2,791,000. Pacer Advisors Inc. grew its holdings in shares of RPM International by 242.2% during the third quarter. Pacer Advisors Inc. now owns 19,768 shares of the specialty chemicals company’s stock worth $2,330,000 after buying an additional 13,992 shares in the last quarter. SG Americas Securities LLC raised its position in RPM International by 105.9% in the 2nd quarter. SG Americas Securities LLC now owns 10,512 shares of the specialty chemicals company’s stock valued at $1,155,000 after buying an additional 5,406 shares during the last quarter. Finally, Archer Investment Corp lifted its stake in RPM International by 203.7% in the 2nd quarter. Archer Investment Corp now owns 3,490 shares of the specialty chemicals company’s stock valued at $383,000 after acquiring an additional 2,341 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Activity at RPM International

In other news, Director Salvatore D. Fazzolari sold 375 shares of RPM International stock in a transaction on Friday, October 31st. The shares were sold at an average price of $107.67, for a total transaction of $40,376.25. Following the transaction, the director owned 21,578 shares in the company, valued at approximately $2,323,303.26. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

RPM has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of RPM International from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $117.00 to $115.00 in a report on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of RPM International in a research report on Monday, December 29th. KeyCorp restated a “sector weight” rating on shares of RPM International in a report on Friday, January 9th. Evercore ISI lowered their target price on RPM International from $145.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, Mizuho set a $120.00 price target on RPM International in a research note on Thursday, January 8th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.75.

RPM International Trading Down 1.1%

Shares of RPM stock opened at $111.12 on Monday. The stock has a market cap of $14.23 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $129.12. The company has a current ratio of 2.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $106.34 and a 200 day simple moving average of $113.62.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, January 8th. The specialty chemicals company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.21). The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. RPM International had a net margin of 8.79% and a return on equity of 22.49%. RPM International’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. On average, research analysts predict that RPM International Inc. will post 5.5 earnings per share for the current fiscal year.

RPM International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $0.54 dividend. The ex-dividend date is Friday, January 16th. This represents a $2.16 annualized dividend and a yield of 1.9%. RPM International’s dividend payout ratio (DPR) is currently 41.62%.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.