Russell Investments Group Ltd. increased its stake in shares of RPM International Inc. (NYSE:RPM) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,657 shares of the specialty chemicals company’s stock after acquiring an additional 4,071 shares during the quarter. Russell Investments Group Ltd.’s holdings in RPM International were worth $1,672,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in RPM International by 4.1% during the first quarter. State Street Corp now owns 6,533,969 shares of the specialty chemicals company’s stock worth $359,572,000 after acquiring an additional 257,980 shares during the period. Bank of New York Mellon Corp increased its position in RPM International by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 1,620,236 shares of the specialty chemicals company’s stock worth $89,161,000 after acquiring an additional 74,077 shares during the period. Geode Capital Management LLC increased its position in RPM International by 9.2% during the first quarter. Geode Capital Management LLC now owns 983,053 shares of the specialty chemicals company’s stock worth $54,097,000 after acquiring an additional 82,981 shares during the period. Mawer Investment Management Ltd. increased its position in RPM International by 9.7% during the first quarter. Mawer Investment Management Ltd. now owns 963,978 shares of the specialty chemicals company’s stock worth $53,048,000 after acquiring an additional 85,425 shares during the period. Finally, GW&K Investment Management LLC increased its position in RPM International by 17.6% during the second quarter. GW&K Investment Management LLC now owns 887,994 shares of the specialty chemicals company’s stock worth $48,440,000 after acquiring an additional 133,104 shares during the period. 74.00% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Edward W. Moore sold 10,568 shares of the firm’s stock in a transaction 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

RPM has been the topic of a number of research reports. Wellington Shields raised shares of RPM International from a “hold” rating to an “accumulate” rating in a research report on Friday, August 18th. BidaskClub raised shares of RPM International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of RPM International from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Saturday, May 20th. Seaport Global Securities raised shares of RPM International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Tuesday, May 16th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of RPM International in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. RPM International has a consensus rating of “Hold” and a consensus price target of $57.71.

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RPM International Inc. (NYSE:RPM) traded up 0.39% during midday trading on Thursday, reaching $49.16. 311,891 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $50.35 and a 200 day moving average price of $52.99. RPM International Inc. has a 12 month low of $46.25 and a 12 month high of $56.48. The company has a market cap of $6.57 billion, a P/E ratio of 36.01 and a beta of 1.55.

RPM International (NYSE:RPM) last issued its quarterly earnings results on Monday, July 24th. The specialty chemicals company reported $1.02 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that RPM International Inc. will post $2.88 EPS for the current 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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Institutional Ownership by Quarter for RPM International (NYSE:RPM)

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