RPM stock touches 52-week low at $103.29 amid market shifts

RPM International (NYSE:RPM) Inc. shares have recently marked a notable point in their trading history, touching a 52-week low at $103.29. The company, with a market capitalization of $13.7 billion, currently trades at $107.16. According to InvestingPro analysis, the stock is currently fairly valued, with analysts setting price targets between $117 and $154. This price level reflects a significant moment for investors as they consider the stock's performance in the context of broader market trends. Over the past year, RPM International Inc. has experienced a decline, with the 1-year change data showing a decrease of 5.23%. Despite this decline, InvestingPro data reveals the company's strong fundamentals, maintaining dividend payments for 53 consecutive years and earning a "GREAT" Financial Health Score. This downturn in the stock's value is prompting market watchers and stakeholders to analyze the factors contributing to the current position and to anticipate the company's future trajectory in an ever-evolving economic landscape. Discover 6 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.

In other recent news, RPM International Inc. announced its acquisition of the UK-based Star Brands Group, known for its high-performance cleaning products like The Pink Stuff. This move aims to bolster RPM's global cleaning product offerings and is anticipated to close in late fiscal 2025 or early fiscal 2026. Additionally, RPM has declared a regular quarterly cash dividend of $0.51 per share, continuing a 51-year streak of increasing dividends. BMO Capital Markets reaffirmed an Outperform rating for RPM, noting the company exceeded earnings expectations with an EPS of $1.39, above the consensus estimate of $1.34. However, Mizuho (NYSE:MFG) Securities adjusted its price target for RPM shares from $150.00 to $140.00 while maintaining an Outperform rating, citing softer guidance for the February quarter due to harsh weather conditions impacting sales. Despite these challenges, RPM anticipates a stronger performance in the May quarter of 2025, forecasting a 13% year-over-year increase in EBIT. KeyBanc Capital Markets maintained a Sector Weight rating for RPM, acknowledging the company's potential for growth amid U.S. policy shifts and construction activities. These developments reflect RPM's strategic moves and financial performance amid varying market conditions.

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