BMO Capital Markets Forecasts Strong Price Appreciation for RPM International (NYSE:RPM) Stock

Key Points

• BMO Capital Markets increased RPM International's price target from $140.00 to $152.00, suggesting a potential upside of 23.83% from its current price.
• The company reported a quarterly EPS of $1.72, exceeding expectations, with a revenue of $2.08 billion, reflecting a 3.7% year-over-year increase.
• Currently, RPM International has a consensus rating of "Moderate Buy" with an average target price of $129.40, with significant support from institutional investors owning over 80% of its stock.
• Various analysts have offered differing ratings, with some reducing their price targets significantly, indicating mixed sentiments in the market about the company's future performance.

RPM International (NYSE:RPM - Free Report) had its price objective increased by BMO Capital Markets from $140.00 to $152.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company's stock.

RPM has been the topic of several other research reports. Citigroup assumed coverage on RPM International in a research note on Monday, June 2nd. They issued a "buy" rating and a $135.00 price target on the stock. Royal Bank Of Canada lowered their price objective on shares of RPM International from $126.00 to $116.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price objective on shares of RPM International from $131.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group lifted their price objective on shares of RPM International from $110.00 to $119.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley decreased their price target on shares of RPM International from $125.00 to $113.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $129.40.

RPM International Trading Up 0.1%

RPM traded up $0.11 during trading on Friday, reaching $122.75. 1,377,745 shares of the company's stock were exchanged, compared to its average volume of 809,434. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.38 and a current ratio of 2.16. RPM International has a fifty-two week low of $95.28 and a fifty-two week high of $141.79. The company's fifty day moving average price is $112.58 and its 200-day moving average price is $115.00. The firm has a market capitalization of $15.76 billion, a PE ratio of 22.94, a P/E/G ratio of 3.24 and a beta of 1.03.

RPM International (NYSE:RPM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.02 billion. RPM International had a return on equity of 24.94% and a net margin of 9.34%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share. As a group, equities analysts forecast that RPM International will post 5.5 EPS for the current year.

RPM International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, July 15th. RPM International's payout ratio is 38.13%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. KLP Kapitalforvaltning AS grew its position in shares of RPM International by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 46,400 shares of the specialty chemicals company's stock valued at $5,097,000 after acquiring an additional 800 shares during the period. Farther Finance Advisors LLC grew its position in shares of RPM International by 65.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,263 shares of the specialty chemicals company's stock valued at $139,000 after acquiring an additional 500 shares during the period. Parallel Advisors LLC grew its position in shares of RPM International by 28.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,072 shares of the specialty chemicals company's stock valued at $118,000 after acquiring an additional 239 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of RPM International by 277.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 340 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 250 shares during the period. Finally, Strs Ohio acquired a new stake in shares of RPM International during the 1st quarter valued at about $1,507,000. 80.95% of the stock is owned by institutional investors and hedge funds.

RPM International Company Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.