BlackRock Amends RPM Intl. Stake to 8.3% as of Dec 31, 2023
Ticker: RPM · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 110621
| Field | Detail |
|---|---|
| Company | Rpm International Inc/De/ (RPM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still a major holder of RPM, now at 8.3% as of year-end.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in RPM International Inc. As of December 31, 2023, BlackRock holds 10,772,990 shares of RPM International's Common Stock, representing 8.3% of the company. This is an amendment to a previous filing, indicating a change in their holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in RPM International's future performance.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock, but significant changes in their holdings can influence market sentiment and share price.
Risk Assessment
Risk Level: low — This filing indicates a routine update from a major institutional investor and does not suggest immediate high risk.
Analyst Insight
Investors should note BlackRock's continued significant stake in RPM International Inc. and monitor future 13G filings for any substantial changes, which could signal a shift in institutional confidence. This filing itself doesn't warrant immediate action but confirms a major holder's position.
Key Numbers
- 10,772,990 — Shares owned by BlackRock (Represents BlackRock's total beneficial ownership in RPM International Inc. as of December 31, 2023.)
- 8.3% — Percentage of class owned (Indicates BlackRock's significant stake in RPM International Inc., making them a major shareholder.)
- December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported, providing a clear snapshot of BlackRock's position.)
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- RPM International Inc. (company) — the subject company whose securities are being reported
- 10,772,990 shares (dollar_amount) — the total number of shares of Common Stock beneficially owned by BlackRock Inc.
- 8.3% (dollar_amount) — the percentage of RPM International Inc.'s Common Stock beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially fluctuating, stake in RPM International Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 1) to a previous Schedule 13G, indicating a change in BlackRock Inc.'s beneficial ownership of Common Stock in RPM International Inc. as of December 31, 2023.
Which entity filed this SC 13G/A and for which company's securities?
BlackRock Inc. filed this SC 13G/A regarding its ownership of Common Stock in RPM International Inc. (CUSIP Number: 749685103).
What was BlackRock Inc.'s beneficial ownership percentage in RPM International Inc. as reported in this filing?
As of December 31, 2023, BlackRock Inc. beneficially owned 8.3% of the Common Stock of RPM International Inc.
How many shares of RPM International Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 10,772,990 shares of RPM International Inc. Common Stock.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding RPM INTERNATIONAL INC/DE/ (RPM).