Fintel reports that on October 6, 2023, RBC Capital maintained coverage of RPM International (NYSE:RPM) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 12.28% Upside
As of October 5, 2023, the average one-year price target for RPM International is 110.16. The forecasts range from a low of 97.97 to a high of $126.00. The average price target represents an increase of 12.28% from its latest reported closing price of 98.11.
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The projected annual revenue for RPM International is 7,601MM, an increase of 3.61%. The projected annual non-GAAP EPS is 5.22.
What is the Fund Sentiment?
There are 1066 funds or institutions reporting positions in RPM International. This is a decrease of 33 owner(s) or 3.00% in the last quarter. Average portfolio weight of all funds dedicated to RPM is 0.22%, an increase of 0.03%. Total shares owned by institutions increased in the last three months by 2.20% to 120,256K shares. 
The put/call ratio of RPM is 0.60, indicating a bullish outlook.
What are Other Shareholders Doing?
Aristotle Capital Management holds 10,394K shares representing 8.05% ownership of the company. In it's prior filing, the firm reported owning 10,545K shares, representing a decrease of 1.46%. The firm decreased its portfolio allocation in RPM by 1.75% over the last quarter.
Price T Rowe Associates holds 4,772K shares representing 3.70% ownership of the company. In it's prior filing, the firm reported owning 5,004K shares, representing a decrease of 4.85%. The firm increased its portfolio allocation in RPM by 106.00% over the last quarter.
T. Rowe Price Investment Management holds 4,346K shares representing 3.37% ownership of the company. In it's prior filing, the firm reported owning 4,389K shares, representing a decrease of 1.00%. The firm decreased its portfolio allocation in RPM by 3.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,024K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 3,996K shares, representing an increase of 0.69%. The firm decreased its portfolio allocation in RPM by 4.44% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,910K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 3,982K shares, representing a decrease of 1.84%. The firm decreased its portfolio allocation in RPM by 3.26% over the last quarter.
RPM International Background Information
(This description is provided by the company.)
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. From homes and workplaces, to infrastructure and precious landmarks, RPM's brands are trusted by consumers and professionals alike to help build a better world. The company employs approximately 14,600 individuals worldwide.
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