RPM International (NYSE:RPM) Research Coverage Started at KeyCorp

KeyCorp initiated coverage on shares of RPM International (NYSE:RPM) in a report released on Friday morning, Marketbeat.com reports. The firm issued an overweight rating and a $123.00 price objective on the specialty chemicals company’s stock. KeyCorp also issued estimates for RPM International’s Q1 2027 earnings at $1.91 EPS, Q2 2027 earnings at $1.34 EPS, Q3 2027 earnings at $0.62 EPS, Q4 2027 earnings at $2.04 EPS, FY2027 earnings at $5.90 EPS, FY2028 earnings at $6.55 EPS and FY2029 earnings at $7.15 EPS.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley reduced their target price on RPM International from $121.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. Citigroup raised their price target on RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. 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 report on Thursday, July 23rd. BMO Capital Markets upped their price objective 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPM International in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.75.

RPM International Stock Performance

NYSE:RPM opened at $100.24 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.79 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The firm has a 50-day moving average price of $107.57 and a two-hundred day moving average price of $105.38. RPM International has a twelve month low of $92.92 and a twelve month high of $128.39.

RPM International (NYSE:RPM) last announced its quarterly earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.06. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.18 billion. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. As a group, research analysts expect that RPM International will post 5.99 earnings per share for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, July 14th. RPM International’s dividend payout ratio is presently 41.86%.

Institutional Trading of RPM International

A number of hedge funds have recently added to or reduced their stakes in RPM. California State Teachers Retirement System increased its stake in shares of RPM International by 9,897.4% during the 2nd quarter. California State Teachers Retirement System now owns 39,221,389 shares of the specialty chemicals company’s stock valued at $4,359,457,000 after acquiring an additional 38,829,074 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of RPM International in the second quarter worth approximately $1,456,684,000. Corient Private Wealth LP acquired a new stake in shares of RPM International in the second quarter worth approximately $11,652,000. Bank of New York Mellon Corp purchased a new stake in RPM International in the second quarter valued at approximately $118,220,000. Finally, Legal & General Group Plc purchased a new stake in RPM International in the second quarter valued at approximately $37,713,000. 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: KeyCorp initiated coverage of RPM International with an “Overweight” rating and a $123 price target, implying approximately 22.7% upside from the reference price of $100.24. The bullish recommendation and sizable target premium are the primary catalysts supporting the stock. Tickerreport article
• Positive Sentiment: KeyCorp projects RPM’s earnings per share to rise from $5.90 in fiscal 2027 to $6.55 in fiscal 2028 and $7.15 in fiscal 2029. That longer-term earnings growth outlook reinforces the analyst’s constructive view of the specialty chemicals company.
• Neutral Sentiment: KeyCorp estimates quarterly fiscal 2027 EPS of $1.91 in the first quarter, $1.34 in the second, $0.62 in the third and $2.04 in the fourth, totaling about $5.90 for the year. The estimates suggest considerable seasonal variation in RPM’s results.
• Negative Sentiment: KeyCorp’s $5.90 fiscal 2027 EPS forecast is modestly below the current full-year consensus estimate of $6.00, which could limit the near-term upside if the company’s results or guidance fail to meet expectations.

About RPM International

RPM International Inc (NYSE:RPM) is a multinational manufacturer of specialty coatings, sealants, adhesives, and related products. The company serves the construction, industrial, automotive, marine, consumer, and specialty markets through a portfolio of businesses that develop products for protecting, repairing, and enhancing residential, commercial, and industrial surfaces.

Its brands include Rust-Oleum, which provides consumer and professional paints and coatings; DAP, which produces caulks, sealants, and related products; Tremco, which serves the building and construction markets; and Carboline, which specializes in protective coatings and fireproofing products.