RPM International (NYSE:RPM – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.
RPM has been the subject of a number of other research reports. Bank of America lifted their price objective on shares of RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets raised their target price on shares of RPM International from $143.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup lifted their price target on shares of RPM International from $125.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Morgan Stanley dropped their price objective on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RPM International currently has an average rating of “Moderate Buy” and an average price target of $126.00.
Read Our Latest Stock Analysis on RPM International
RPM International Price Performance
RPM International (NYSE:RPM – Get Free Report) last released its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.06. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. As a group, sell-side analysts anticipate that RPM International will post 5.95 EPS for the current year.
Institutional Investors Weigh In On RPM International
Several large investors have recently modified their holdings of RPM. Horizon Investments LLC bought a new position in shares of RPM International during the fourth quarter valued at approximately $1,373,000. PFA Pension Forsikringsaktieselskab purchased a new position in RPM International during the fourth quarter valued at approximately $54,307,000. SG Americas Securities LLC raised its stake in RPM International by 1,863.4% in the fourth quarter. SG Americas Securities LLC now owns 45,257 shares of the specialty chemicals company’s stock worth $4,707,000 after buying an additional 42,952 shares in the last quarter. Danske Bank A S raised its stake in RPM International by 13.7% in the fourth quarter. Danske Bank A S now owns 167,459 shares of the specialty chemicals company’s stock worth $17,416,000 after buying an additional 20,176 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its holdings in RPM International by 42.9% during the fourth quarter. Inspire Trust Co. N.A. now owns 30,000 shares of the specialty chemicals company’s stock worth $3,120,000 after buying an additional 9,000 shares during the period. Institutional investors own 80.95% of the company’s stock.
Key RPM International News
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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