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RPM · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is RPM International, Inc. (RPM) stock moving?
RPM closed at $105.83 on Nov 10, down about 1.4% from its $107.80 close on Nov 2 and well below the 30-day high of $110.87 intraday on Nov 4. The stock has traded in a roughly $97 to $111 range over the last month. Volume on Nov 10 (1.54M shares) was the highest in the window, yet the price barely moved, which suggests heavy two-way trading after the analyst and Investor Day news. The Nov 2 rally of about 5% came as the Investor Day was announced. The Nov 6 CEO retirement news coincided with a drop of about 2% to $103.31, and the stock recovered to $106.38 on Nov 9, the day RPM unveiled its MAP 2030 plan targeting $10B revenue and a 20% adjusted EBITDA margin by fiscal 2030. RBC kept its Outperform rating and raised its target to $125 from $120 on Nov 10. The company also raised its quarterly dividend 5.6% to $0.57 in October, its 53rd consecutive annual increase. Key risks are the CEO transition, which is planned within 12 to 18 months, and execution risk on MAP 2030 given the ambitious margin target, while the broader outlook remains tied to raw material costs, tariffs and housing and construction demand.
News behind the analysis
- RBC Capital Maintains Outperform on RPM International, Raises Price Target to $125RBC Capital kept its Outperform rating on RPM and raised its price target to $125 from $120.
- RBC Capital Markets Raises Price Target on RPM InternationalRBC increased its price target to $125 from $120 while maintaining its Outperform rating, implying about 18% upside from the Nov 10 close of $105.83.
- RPM International Announces MAP 2030 Strategic PlanRPM unveiled its MAP 2030 plan, targeting $10 billion in revenue and a 20% adjusted EBITDA margin by fiscal 2030.
- RPM International's Chairman And CEO Frank C. Sullivan To Retire In The Next 12 To 18 MonthsChairman and CEO Frank C. Sullivan announced plans to retire within 12 to 18 months, with an ongoing board-led succession process to ensure an orderly transition.
- RPM International to Host Investor Day on November 9, 2026RPM scheduled an Investor Day for November 9, 2026 to update investors on its MAP 2030 operating improvement program and other initiatives.
About RPM International, Inc.
RPM International is a company based in Medina, Ohio, that makes specialty coatings, sealants, roofing systems and other building materials. It owns many separate brands, including Rust-Oleum, DAP, Tremco, Carboline and The Pink Stuff, and it focuses mainly on maintenance and repair work rather than new construction.
How it makes money
RPM sells products through three segments. In fiscal 2026 (ended May 2026), total sales were about $7.9 billion. Construction Products made about 39% of that: roofing, sealants and concrete admixtures (additives mixed into concrete) sold for commercial buildings and infrastructure. Consumer made about 34%: do-it-yourself paints, caulks and cleaning products such as Rust-Oleum, DAP and The Pink Stuff, sold through retailers. Performance Coatings made about 27%: industrial coatings, flooring and fireproofing. Roughly 30% of sales come from outside the US.
What usually moves RPM
- Commercial construction and infrastructure spending
- DIY and home-improvement retail demand
- Raw material cost inflation versus price increases
- Cost-cutting and margin programs (MAP)
- Acquisitions and share buybacks