Campbell & CO Investment Adviser LLC Increases Stock Position in RPM International Inc. $RPM

Campbell & CO Investment Adviser LLC grew its stake in RPM International Inc. (NYSE:RPM) by 69.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 48,104 shares of the specialty chemicals company’s stock after buying an additional 19,669 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in RPM International were worth $5,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in RPM International by 13.1% in the first quarter. Nisa Investment Advisors LLC now owns 22,443 shares of the specialty chemicals company’s stock worth $2,596,000 after acquiring an additional 2,605 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of RPM International by 4.1% during the 1st quarter. New York State Common Retirement Fund now owns 101,373 shares of the specialty chemicals company’s stock valued at $11,727,000 after purchasing an additional 4,000 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of RPM International by 2.1% during the 1st quarter. Whittier Trust Co. now owns 45,959 shares of the specialty chemicals company’s stock valued at $5,316,000 after buying an additional 933 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in RPM International by 4.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 23,524 shares of the specialty chemicals company’s stock worth $2,721,000 after buying an additional 1,067 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in RPM International by 4.2% during the first quarter. Tributary Capital Management LLC now owns 9,764 shares of the specialty chemicals company’s stock valued at $1,130,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective 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. Bank of America upgraded shares of RPM International from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $129.00 in a research report on Tuesday, October 14th. UBS Group lifted their price objective on RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, September 24th. Wells Fargo & Company increased their target price on RPM International from $131.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, BMO Capital Markets raised their price target on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.70.

RPM International Stock Up 1.5%

Shares of NYSE:RPM opened at $107.49 on Friday. The stock’s 50-day moving average is $116.54 and its 200 day moving average is $115.30. The company has a market cap of $13.78 billion, a PE ratio of 20.09, a P/E/G ratio of 1.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.26 and a quick ratio of 1.51. RPM International Inc. has a 1 year low of $95.28 and a 1 year high of $141.79.

RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.01. RPM International had a return on equity of 24.22% and a net margin of 9.16%.The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the business posted $1.84 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts anticipate that RPM International Inc. will post 5.5 EPS for the current year.

RPM International Increases Dividend

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

Insider Transactions at RPM International

In other RPM International news, Director Salvatore D. Fazzolari sold 375 shares of the business’s 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 directly owned 21,578 shares of the company’s stock, valued at approximately $2,323,303.26. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

RPM International Company 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.