RPM International (NYSE:RPM – Get Free Report) had its price objective decreased by equities research analysts at Morgan Stanley from $121.00 to $117.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 9.19% from the stock’s previous close.
Several other brokerages have also recently issued reports on RPM. Zacks Research raised RPM International from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Royal Bank Of Canada raised their price target on RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday. Wall Street Zen downgraded RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. UBS Group upgraded shares of RPM International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $118.00 to $130.00 in a research report on Wednesday, May 27th. Finally, Bank of America lowered their price objective on shares of RPM International from $128.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.00.
View Our Latest Stock Analysis on RPM
RPM International Price Performance
RPM International (NYSE:RPM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. RPM International had a return on equity of 22.45% and a net margin of 8.41%.The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. RPM International’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that RPM International will post 5.95 EPS for the current year.
Institutional Trading of RPM International
A number of institutional investors and hedge funds have recently made changes to their positions in RPM. PFA Pension Forsikringsaktieselskab acquired a new stake in RPM International during the 4th quarter worth approximately $54,307,000. California State Teachers Retirement System raised its stake in shares of RPM International by 14.5% in the 4th quarter. California State Teachers Retirement System now owns 394,860 shares of the specialty chemicals company’s stock valued at $41,065,000 after acquiring an additional 49,979 shares during the period. Ameriprise Financial Inc. raised its position in RPM International by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 339,258 shares of the specialty chemicals company’s stock valued at $37,260,000 after purchasing an additional 888 shares during the period. Danske Bank A S raised its position 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 valued at $17,416,000 after purchasing an additional 20,176 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of RPM International during the fourth quarter worth about $16,175,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.
More 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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