Mawer Investment Management Ltd Decreased Rpm International Inc (NYSE:RPM) Stake By $13.86 Million

August 12, 2018 - By Jacob Reddy

RPM International Inc. (NYSE:RPM) LogoInvestors sentiment decreased to 1.29 in Q1 2018. Its down 0.07, from 1.36 in 2017Q4. It turned negative, as 29 investors sold RPM shares while 107 reduced holdings. 51 funds opened positions while 125 raised stakes. 104.65 million shares or 6.66% more from 98.12 million shares in 2017Q4 were reported. Mawer Management Limited holds 0.33% or 828,849 shares in its portfolio. 49 are owned by Captrust Financial Advsrs. Moreover, X Management Lc has 0.03% invested in RPM International Inc. (NYSE:RPM) for 27,598 shares. 48,953 are held by Envestnet Asset Mngmt. Oppenheimer Inc accumulated 39,888 shares or 0.05% of the stock. 10,728 were accumulated by Riverhead Capital Mngmt Lc. Fifth Third Financial Bank holds 0.01% in RPM International Inc. (NYSE:RPM) or 20,245 shares. Seabridge Invest Advisors Ltd accumulated 151,470 shares or 1.62% of the stock. Leavell Inv Mngmt Inc holds 0.08% or 13,687 shares. New York-based Millennium Mgmt Lc has invested 0% in RPM International Inc. (NYSE:RPM). Washington Tru Communications reported 103,224 shares. Natixis Advsr Limited Partnership holds 0.01% of its portfolio in RPM International Inc. (NYSE:RPM) for 24,121 shares. The Netherlands-based Ing Groep Nv has invested 0.01% in RPM International Inc. (NYSE:RPM). California Employees Retirement Systems reported 316,526 shares. Janney Montgomery Scott Limited Co, Pennsylvania-based fund reported 53,172 shares.

Since July 20, 2018, it had 1 insider buy, and 2 sales for $136,850 activity. Another trade for 4,168 shares valued at $258,036 was made by Moore Edward W. on Friday, July 20. Nance Frederick R. sold $108,277 worth of RPM International Inc. (NYSE:RPM) on Monday, July 23.

Mawer Investment Management Ltd decreased its stake in Rpm International Inc (NYSE:RPM) by 28.83% based on its latest 2018Q2 regulatory filing with the SEC. Mawer Investment Management Ltd sold 238,952 shares as the company’s stock rose 1.24% while stock markets declined. The institutional investor held 589,897 shares of the paints and coatings company at the end of 2018Q2, valued at $34.40 million, down from 828,849 at the end of the previous reported quarter. Mawer Investment Management Ltd who had been investing in Rpm International Inc for a number of months, seems to be less bullish one the $8.48B market cap company. The stock decreased 0.30% or $0.19 during the last trading session, reaching $63.56. About 714,306 shares traded. RPM International Inc. (NYSE:RPM) has declined 4.66% since August 13, 2017 and is downtrending. It has underperformed by 17.23% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93 billion and $12.38B US Long portfolio, upped its stake in Telus Corp (NYSE:TU) by 814,155 shares to 5.53 million shares, valued at $196.44 million in 2018Q2, according to the filing. It also increased its holding in Waters Corp (NYSE:WAT) by 74,165 shares in the quarter, for a total of 485,464 shares, and has risen its stake in Nutrien Ltd ().

Mawer Investment Management Ltd is a Alberta, Canada-based institutional investor with more than $20.93 billion AUM in June, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Mawer Investment Management latest Adv, the fund reported to have 100 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 2300 clients.

RPM International Inc. (NYSE:RPM) Ratings Coverage

Among 8 analysts covering RPM International (NYSE:RPM), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. RPM International had 11 analyst reports since February 14, 2018 according to SRatingsIntel. The stock has “Buy” rating by Vertical Research on Wednesday, February 14. The stock of RPM International Inc. (NYSE:RPM) has “Buy” rating given on Wednesday, July 18 by Bank of America. The firm earned “Neutral” rating on Monday, July 2 by JP Morgan. Robert W. Baird maintained RPM International Inc. (NYSE:RPM) on Friday, April 6 with “Hold” rating. The firm has “Overweight” rating given on Friday, July 20 by Morgan Stanley. JP Morgan downgraded RPM International Inc. (NYSE:RPM) on Friday, March 16 to “Underweight” rating. On Tuesday, March 27 the stock rating was initiated by BMO Capital Markets with “Buy”. On Friday, March 16 the stock rating was downgraded by J.P. Morgan to “Sell”. The stock has “Neutral” rating by Seaport Global on Tuesday, July 17. Seaport Global maintained it with “Buy” rating and $5800 target in Friday, April 6 report.

RPM International Inc. manufactures, markets, and sells specialty chemical products for industrial, specialty, and consumer markets worldwide. The company has market cap of $8.48 billion. The Company’s 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 solutions; flooring and in-plant glazing solutions; passive fire protection and manufacturing industry solutions; polymer flooring systems; and fiberglass reinforced plastic gratings and shapes. It has a 25.38 P/E ratio. This segment also offers corrosion-control coatings, containment linings, fire and sound proofing products, and insulation products; rolled asphalt roofing materials, chemical admixtures, and industrial epoxy flooring systems; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts, epoxy adhesives, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials, as well as specialty construction products.

More recent RPM International Inc. (NYSE:RPM) news were published by: Crainscleveland.com which released: “RPM International creates chief talent officer position” on July 23, 2018. Also Seekingalpha.com published the news titled: “RPM Is A Buy Even At Its High” on August 01, 2018. Seekingalpha.com‘s news article titled: “RPM International Moves Closer To The Sale Block” with publication date: July 19, 2018 was also an interesting one.

RPM International Inc. (NYSE:RPM) Institutional Positions Chart

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