RPM International (NYSE:RPM) Given New $117.00 Price Target at KeyCorp

RPM International (NYSE:RPM) had its price target reduced by research analysts at KeyCorp from $123.00 to $117.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. KeyCorp’s target price points to a potential upside of 17.70% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Citigroup cut their price objective on RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research report on Friday, July 24th. Bank of America boosted their price target on RPM International from $129.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. BMO Capital Markets upped their price target on RPM International from $143.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley reduced their price objective on RPM International from $117.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Monday, September 28th. Twelve investment analysts have rated the stock with a Buy rating and three have issued 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 target price of $122.85.

RPM International Price Performance

Shares of RPM stock opened at $99.40 on Friday. The firm has a fifty day moving average of $105.13 and a two-hundred day moving average of $104.65. The firm has a market cap of $12.68 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.02 and a beta of 1.05. RPM International has a 1-year low of $92.92 and a 1-year high of $121.78. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.76 and a quick ratio of 1.16.

RPM International (NYSE:RPM) last issued its earnings results on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.03. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. RPM International had a net margin of 8.66% and a return on equity of 22.03%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. As a group, research analysts anticipate that RPM International will post 5.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RPM International

Several institutional investors have recently made changes to their positions in RPM. Benedict Financial Advisors Inc. boosted its holdings in shares of RPM International by 0.8% during the third quarter. Benedict Financial Advisors Inc. now owns 25,633 shares of the specialty chemicals company’s stock valued at $2,529,000 after acquiring an additional 197 shares during the period. GAMMA Investing LLC increased its holdings in shares of RPM International by 8.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,798 shares of the specialty chemicals company’s stock worth $276,000 after acquiring an additional 209 shares during the period. Operose Advisors LLC acquired a new stake in shares of RPM International in the 2nd quarter worth about $26,000. Versant Capital Management Inc lifted its position in RPM International by 36.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,050 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 278 shares during the last quarter. Finally, Danske Bank A S bought a new stake in RPM International in the 2nd quarter valued at about $47,000. 80.95% of the stock is owned by institutional investors.

More RPM International News

Here are the key news stories impacting RPM International this week:

• Positive Sentiment: Dividend increased 5.6%: RPM declared a quarterly dividend of $0.57 per share, up from $0.54, implying an annualized payout of $2.28 and a yield of approximately 2.3%. The increase reinforces RPM’s record of returning capital to shareholders. RPM International Raises Quarterly Dividend
• Positive Sentiment: Analysts remain broadly constructive: Evercore ISI and BMO Capital reiterated “buy” views, while UBS, Citigroup and Deutsche Bank retained “buy” ratings and RBC maintained an “outperform” rating. Their revised targets still imply meaningful upside from recent trading levels. Evercore ISI Rating
• Positive Sentiment: Operating momentum continues: Fiscal first-quarter revenue increased 4.8% year over year to $2.22 billion, while earnings of $1.98 per share exceeded estimates by $0.03. Commentary also pointed to rising free cash flow and growth in selected business segments. RPM Sales Rise
• Neutral Sentiment: Board update: RPM elected Jeffrey D. Rowe to its board of directors. The appointment may support governance and strategic oversight, but no immediate financial impact was announced. RPM Board Appointment
• Negative Sentiment: Multiple price-target cuts: UBS lowered its target to $128, Citigroup to $116, RBC to $120 and Deutsche Bank to $115. Although all retained positive ratings, the reductions signal more cautious expectations for RPM’s valuation and near-term growth.

About RPM International

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.