Cramer Rosenthal Mcglynn LLC Grows Holdings in RPM International Inc. (RPM)
Cramer Rosenthal Mcglynn LLC grew its position in shares of RPM International Inc. (NYSE:RPM) by 28.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,874 shares of the specialty chemicals company’s stock after purchasing an additional 149,861 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.50% of RPM International worth $36,433,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Buffington Mohr McNeal increased its holdings in shares of RPM International by 0.5% in the second quarter. Buffington Mohr McNeal now owns 19,570 shares of the specialty chemicals company’s stock worth $1,068,000 after purchasing an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of RPM International by 0.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,995 shares of the specialty chemicals company’s stock worth $1,854,000 after buying an additional 200 shares in the last quarter. Fieldpoint Private Securities LLC lifted its position in shares of RPM International by 1.5% in the second quarter. Fieldpoint Private Securities LLC now owns 13,805 shares of the specialty chemicals company’s stock worth $753,000 after buying an additional 200 shares in the last quarter. BARING ASSET MANAGEMENT Ltd lifted its position in shares of RPM International by 0.9% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 24,601 shares of the specialty chemicals company’s stock worth $1,342,000 after buying an additional 212 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its position in shares of RPM International by 0.3% in the second quarter. LaFleur & Godfrey LLC now owns 93,422 shares of the specialty chemicals company’s stock worth $5,096,000 after buying an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.
Shares of RPM International Inc. (RPM) traded down 1.98% on Wednesday, hitting $51.87. 786,928 shares of the company were exchanged. The stock has a market capitalization of $6.93 billion, a PE ratio of 38.00 and a beta of 1.55. RPM International Inc. has a 52-week low of $46.25 and a 52-week high of $56.48. The firm’s 50-day moving average is $49.85 and its 200-day moving average is $52.52.
RPM International (NYSE:RPM) last released its quarterly earnings data on Wednesday, October 4th. The specialty chemicals company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.02. RPM International had a net margin of 3.67% and a return on equity of 25.02%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. RPM International’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that RPM International Inc. will post $2.88 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at http://www.mareainformativa.com/cramer-rosenthal-mcglynn-llc-grows-holdings-in-rpm-international-inc-rpm/115446/.
In other news, SVP Edward W. Moore sold 10,568 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $52.04, for a total value of $549,958.72. Following the completion of the sale, the senior vice president now directly owns 92,549 shares in the company, valued at $4,816,249.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.
RPM has been the subject of a number of research reports. Zacks Investment Research lowered RPM International from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Bank of America Corporation reduced their price objective on RPM International from $58.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. BidaskClub downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 price objective on shares of RPM International in a report on Tuesday, June 13th. Finally, Wellington Shields raised RPM International from a “hold” rating to an “accumulate” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.71.
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).
Want to see what other hedge funds are holding RPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RPM International Inc. (NYSE:RPM).
Receive News & Stock Ratings for RPM International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International Inc. and related stocks with our FREE daily email newsletter.