KeyCorp Has Lowered Expectations for RPM International (NYSE:RPM) Stock Price

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

Several other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of RPM International from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Wells Fargo & Company decreased their price objective on RPM International from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America increased their target price on RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup cut their price target on shares of RPM International from $128.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.85.

RPM International Stock Performance

RPM International stock opened at $99.40 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.76. The stock has a fifty day moving average of $105.13 and a two-hundred day moving average of $104.65. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.02 and a beta of 1.05. RPM International has a fifty-two week low of $92.92 and a fifty-two week high of $121.78.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, October 6th. The specialty chemicals company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.03. The business had revenue of $2.22 billion for 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. On average, analysts anticipate that RPM International will post 5.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RPM. GAMMA Investing LLC grew its holdings 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 valued at $276,000 after purchasing an additional 209 shares in the last quarter. CoreCap Advisors LLC boosted its position in RPM International by 468.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,899 shares of the specialty chemicals company’s stock valued at $286,000 after buying an additional 2,389 shares during the last quarter. Steph & Co. acquired a new stake in shares of RPM International during the third quarter valued at about $83,000. Benedict Financial Advisors Inc. increased its position 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 worth $2,529,000 after acquiring an additional 197 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of RPM International by 119.2% in the third quarter. Versant Capital Management Inc now owns 2,302 shares of the specialty chemicals company’s stock worth $227,000 after acquiring an additional 1,252 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting RPM International

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.

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.