Mutual of America Capital Management LLC trimmed its position in RPM International Inc. (NYSE:RPM) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 113,349 shares of the specialty chemicals company’s stock after selling 13,832 shares during the period. Mutual of America Capital Management LLC’s holdings in RPM International were worth $7,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RPM. BNP Paribas Arbitrage SA boosted its stake in RPM International by 82.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,754 shares of the specialty chemicals company’s stock valued at $744,000 after acquiring an additional 5,769 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of RPM International by 7.8% during the second quarter. Alps Advisors Inc. now owns 31,414 shares of the specialty chemicals company’s stock worth $1,832,000 after purchasing an additional 2,277 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of RPM International during the second quarter worth $63,300,000. Roffman Miller Associates Inc. PA boosted its position in shares of RPM International by 1.6% during the second quarter. Roffman Miller Associates Inc. PA now owns 440,302 shares of the specialty chemicals company’s stock worth $25,678,000 after purchasing an additional 6,862 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of RPM International by 2.7% during the second quarter. Arizona State Retirement System now owns 92,846 shares of the specialty chemicals company’s stock worth $5,415,000 after purchasing an additional 2,430 shares in the last quarter. 75.01% of the stock is currently owned by institutional investors.

Shares of NYSE:RPM opened at $64.10 on Thursday. RPM International Inc. has a 12 month low of $46.36 and a 12 month high of $68.13. The company has a current ratio of 2.77, a quick ratio of 1.80 and a debt-to-equity ratio of 1.41. The firm has a market cap of $8.51 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.85 and a beta of 1.36.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Wednesday, October 3rd. The specialty chemicals company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.10). RPM International had a return on equity of 22.77% and a net margin of 5.36%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. Research analysts predict that RPM International Inc. will post 2.96 earnings per share for the current fiscal year.

In related news, Director Kirkland B. Andrews acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The shares were acquired at an average cost of $60.21 per share, for a total transaction of $120,420.00. Following the completion of the acquisition, the director now directly owns 3,800 shares in the company, valued at approximately $228,798. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Ballbach acquired 3,360 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were bought at an average price of $59.53 per share, for a total transaction of $200,020.80. Following the completion of the acquisition, the director now owns 13,260 shares of the company’s stock, valued at $789,367.80. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

A number of brokerages have recently weighed in on RPM. Seaport Global Securities reissued a “hold” rating and set a $71.00 price target on shares of RPM International in a research report on Monday. Royal Bank of Canada lifted their price target on shares of RPM International to $66.00 and gave the stock a “market perform” rating in a research report on Friday, November 30th. Bank of America reissued a “buy” rating and set a $75.00 price target (up from $70.00) on shares of RPM International in a research report on Thursday, November 29th. Morgan Stanley reissued a “buy” rating on shares of RPM International in a research report on Monday, October 8th. Finally, Zacks Investment Research raised shares of RPM International from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.75.

COPYRIGHT VIOLATION NOTICE: “Mutual of America Capital Management LLC Has $7.36 Million Position in RPM International Inc. (RPM)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.watchlistnews.com/mutual-of-america-capital-management-llc-has-7-36-million-position-in-rpm-international-inc-rpm/2664785.html.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Its Industrial segment offers waterproofing, coatings, and institutional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance and related services; sealing and bonding, and flooring and in-plant glazing solutions; solutions for fire stopping and intumescent steel coating, and the manufacturing industry; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes.

Read More: What is a Derivative?

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).

Institutional Ownership by Quarter for RPM International (NYSE:RPM)

Receive News & Ratings for RPM International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPM International and related companies with MarketBeat.com's FREE daily email newsletter.