Campbell & CO Investment Adviser LLC Acquires 19,669 Shares of RPM International Inc. $RPM

Campbell & CO Investment Adviser LLC grew its holdings in shares of RPM International Inc. (NYSE:RPM) by 69.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,104 shares of the specialty chemicals company’s stock after purchasing 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.

A number of other hedge funds also recently made changes to their positions in RPM. Boston Trust Walden Corp increased its holdings in RPM International by 18.1% during the second quarter. Boston Trust Walden Corp now owns 601,564 shares of the specialty chemicals company’s stock worth $66,076,000 after buying an additional 92,358 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of RPM International by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 338,370 shares of the specialty chemicals company’s stock valued at $39,143,000 after acquiring an additional 33,016 shares during the period. Baird Financial Group Inc. increased its stake in shares of RPM International by 6.3% during the 1st quarter. Baird Financial Group Inc. now owns 278,384 shares of the specialty chemicals company’s stock worth $32,204,000 after purchasing an additional 16,549 shares during the last quarter. Strs Ohio bought a new stake in shares of RPM International in the 1st quarter worth approximately $1,507,000. Finally, United Services Automobile Association purchased a new position in RPM International in the first quarter valued at approximately $948,000. 80.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on RPM shares. BMO Capital Markets raised their target price on RPM International from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Royal Bank Of Canada decreased their price objective on RPM International from $125.00 to $121.00 and set a “sector perform” rating for the company in a report on Monday, October 6th. Mizuho boosted their price objective on RPM International from $126.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. UBS Group increased their target price on shares of RPM International from $126.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company lifted their target price on shares of RPM International from $131.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.70.

RPM International Stock Up 1.5%

RPM stock opened at $107.49 on Friday. The stock has a 50-day simple moving average of $116.54 and a two-hundred day simple moving average of $115.30. 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 $13.78 billion, a PE ratio of 20.09, 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.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, October 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. RPM International had a net margin of 9.16% and a return on equity of 24.22%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $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 given a dividend of $0.54 per share. This is an increase from RPM International’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, October 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. RPM International’s dividend payout ratio (DPR) is presently 40.37%.

Insider Activity at RPM International

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. 1.60% of the stock is owned by company insiders.

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.