RPM International (NYSE:RPM – Get Free Report) was upgraded by investment analysts at Barclays to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.
Several other research firms also recently commented on RPM. KeyCorp cut their price objective on RPM International from $123.00 to $117.00 and set an “overweight” rating for the company in a report on Friday, October 9th. BMO Capital Markets raised their target price on shares of RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup reduced their price target on RPM International from $128.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Bank of America boosted their price target on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on RPM International from $126.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.71.
View Our Latest Analysis on RPM International
RPM International Stock Performance
RPM International (NYSE:RPM – Get Free Report) last posted its quarterly earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. RPM International had a return on equity of 22.03% and a net margin of 8.66%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. As a group, sell-side analysts expect that RPM International will post 5.96 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of RPM. Fortitude Family Office LLC grew its stake in shares of RPM International by 111.4% in the third quarter. Fortitude Family Office LLC now owns 370 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 195 shares during the last quarter. GAMMA Investing LLC raised its position in RPM International by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after purchasing an additional 209 shares during the last quarter. CoreCap Advisors LLC raised its position in RPM International by 468.4% during the 3rd quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock worth $286,000 after purchasing an additional 2,389 shares during the last quarter. Steph & Co. acquired a new position in RPM International during the 3rd quarter worth about $83,000. Finally, Benedict Financial Advisors Inc. lifted its holdings in RPM International by 0.8% during the 3rd quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock worth $2,529,000 after buying an additional 197 shares during the period. 80.95% of the stock is currently owned by institutional investors.
RPM International Company Profile
RPM International Inc is a multinational manufacturer of specialty coatings, sealants, building materials and related products. The company serves the construction, industrial, automotive, marine and consumer markets through a portfolio of businesses that develop products for protecting, repairing, maintaining and enhancing surfaces and structures.
Its brands and businesses include Rust-Oleum consumer and industrial coatings, DAP caulks and sealants, Tremco and Euclid Chemical construction products, Carboline protective coatings, Stonhard seamless flooring systems and Flowcrete flooring products.
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