RPM International (NYSE:RPM – Free Report) had its target price increased by Royal Bank Of Canada from $126.00 to $128.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.
Several other equities research analysts have also recently weighed in on the company. Bank of America cut their target price on RPM International from $128.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Wall Street Zen cut RPM International from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. BMO Capital Markets dropped their price objective on RPM International from $148.00 to $143.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. UBS Group raised RPM International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $118.00 to $130.00 in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut RPM International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.00.
Read Our Latest Research Report on RPM
RPM International Price Performance
RPM International (NYSE:RPM – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.06. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. On average, equities research analysts predict that RPM International will post 6.02 EPS for the current fiscal year.
RPM International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 14th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, July 14th. RPM International’s dividend payout ratio is presently 41.86%.
Institutional Investors Weigh In On RPM International
Hedge funds have recently modified their holdings of the company. Ares Financial Consulting LLC acquired a new position in RPM International in the 4th quarter worth about $37,000. Los Angeles Capital Management LLC bought a new stake in shares of RPM International during the fourth quarter worth about $60,000. Rothschild Investment LLC increased its stake in shares of RPM International by 2,387.0% in the fourth quarter. Rothschild Investment LLC now owns 572 shares of the specialty chemicals company’s stock valued at $59,000 after buying an additional 549 shares during the period. Resources Management Corp CT ADV raised its holdings in RPM International by 21,566.7% in the 4th quarter. Resources Management Corp CT ADV now owns 650 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 647 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in RPM International during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
Trending Headlines about RPM International
Here are the key news stories impacting RPM International this week:
- Positive Sentiment: RPM delivered record quarterly results, with revenue and earnings topping expectations, which is the main driver behind the stock’s rise. RPM International Shares Climb on Higher 4Q Sales, Upbeat Outlook
- Positive Sentiment: The company expanded its buyback program, with commentary around a $700 million repurchase plan supporting the view that management sees shares as undervalued. Is RPM International (RPM) Undervalued As Record Earnings And A $700 Million Buyback Land?
- Positive Sentiment: Bank of America raised its price target to $130 and kept a buy rating, while BMO Capital Markets lifted its target to $151 and RBC increased its target to $128, signaling continued optimism after the earnings beat.
- Neutral Sentiment: Morgan Stanley lowered its target to $117 but still kept an equal-weight rating, suggesting a more cautious view rather than a bearish one.
- Neutral Sentiment: Recent commentary from Zacks highlighted that infrastructure demand, margin gains, and acquisitions could support fiscal 2027, but inflation and weak DIY demand may limit near-term upside.
- Neutral Sentiment: An insider filing showed a non-discretionary sale tied to tax withholding, which appears routine and not necessarily a negative signal for the business.
RPM International Company Profile
RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.
The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.
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