Vanguard Group Inc. Has $76.59 Million Holdings in Gorman-Rupp Company (The) $GRC

Vanguard Group Inc. cut its holdings in shares of Gorman-Rupp Company (The) (NYSE:GRC) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,182,162 shares of the industrial products company’s stock after selling 22,857 shares during the period. Vanguard Group Inc. owned approximately 8.30% of Gorman-Rupp worth $76,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Gorman-Rupp during the 4th quarter valued at about $1,100,000. Barclays PLC raised its holdings in Gorman-Rupp by 8.2% during the 4th quarter. Barclays PLC now owns 37,635 shares of the industrial products company’s stock worth $1,427,000 after buying an additional 2,858 shares during the period. Dimensional Fund Advisors LP lifted its stake in Gorman-Rupp by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,454 shares of the industrial products company’s stock valued at $51,020,000 after buying an additional 3,574 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Gorman-Rupp by 880.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,047 shares of the industrial products company’s stock valued at $267,000 after buying an additional 6,328 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Gorman-Rupp by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,646 shares of the industrial products company’s stock valued at $745,000 after buying an additional 1,301 shares during the period. 59.26% of the stock is currently owned by institutional investors.

Gorman-Rupp Stock Up 3.4%

Shares of GRC stock opened at $42.6520 on Friday. Gorman-Rupp Company has a 12-month low of $30.87 and a 12-month high of $43.79. The company has a quick ratio of 1.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.80. The firm has a fifty day moving average of $39.04 and a 200-day moving average of $37.37. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.61 and a beta of 1.21.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $179.05 million during the quarter, compared to analyst estimates of $174.60 million. Gorman-Rupp had a net margin of 7.69% and a return on equity of 13.63%. As a group, equities research analysts predict that Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. Gorman-Rupp’s dividend payout ratio is currently 37.56%.

About Gorman-Rupp

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.