The Gorman-Rupp Company (NYSE:GRC) Stock Holdings Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in The Gorman-Rupp Company (NYSE:GRC – Get Rating) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,403 shares of the industrial products company’s stock after selling 660 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Gorman-Rupp worth $628,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Gorman-Rupp in the 2nd quarter valued at about $28,000. Acadian Asset Management LLC acquired a new position in shares of Gorman-Rupp during the first quarter valued at approximately $77,000. Amalgamated Bank bought a new stake in Gorman-Rupp during the first quarter worth approximately $105,000. SG Americas Securities LLC acquired a new stake in Gorman-Rupp in the second quarter worth approximately $195,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Gorman-Rupp by 51.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,055 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 2,734 shares in the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Trading Up 1.6 %

Shares of NYSE:GRC opened at $27.19 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.26 and a current ratio of 2.38. The stock has a market capitalization of $709.52 million, a price-to-earnings ratio of 46.08 and a beta of 0.74. The Gorman-Rupp Company has a 1-year low of $22.67 and a 1-year high of $41.57. The company has a 50 day moving average price of $26.70 and a 200 day moving average price of $26.72.

Gorman-Rupp (NYSE:GRC – Get Rating) last issued its earnings results on Friday, October 28th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter. Gorman-Rupp had a return on equity of 8.66% and a net margin of 3.26%. The business had revenue of $153.79 million for the quarter.

Gorman-Rupp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.57%. This is a boost from Gorman-Rupp’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 14th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 118.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Gorman-Rupp from a “sell” rating to a “hold” rating in a report on Friday, November 25th.

Gorman-Rupp Profile

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The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.