The Gorman-Rupp Company (NYSE:GRC) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC decreased its stake in shares of The Gorman-Rupp Company (NYSE:GRC) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,230 shares of the industrial products company’s stock after selling 476 shares during the period. Global Retirement Partners LLC’s holdings in Gorman-Rupp were worth $85,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Gorman-Rupp by 5,461.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock worth $28,000 after buying an additional 710 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Gorman-Rupp during the third quarter worth about $62,000. Quantbot Technologies LP acquired a new position in shares of Gorman-Rupp in the third quarter worth about $154,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gorman-Rupp in the third quarter valued at about $209,000. Finally, Zacks Investment Management acquired a new stake in Gorman-Rupp during the 3rd quarter valued at approximately $235,000. Institutional investors and hedge funds own 59.26% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

Gorman-Rupp Price Performance

Shares of GRC stock opened at $38.12 on Friday. The firm has a fifty day moving average of $37.98 and a two-hundred day moving average of $38.87. The firm has a market cap of $999.81 million, a P/E ratio of 24.92, a P/E/G ratio of 1.54 and a beta of 0.97. The Gorman-Rupp Company has a 1-year low of $30.47 and a 1-year high of $43.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. During the same period last year, the company earned $0.34 earnings per share. As a group, research analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.185 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.94%. Gorman-Rupp’s dividend payout ratio (DPR) is 48.37%.

Gorman-Rupp Company Profile

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.