11,793 Shares in The Gorman-Rupp Company (NYSE:GRC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,793 shares of the industrial products company's stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new position in shares of Gorman-Rupp in the 4th quarter worth $38,000. Point72 Asset Management L.P. bought a new stake in Gorman-Rupp during the third quarter worth about $62,000. Quantbot Technologies LP bought a new position in shares of Gorman-Rupp during the 3rd quarter valued at about $154,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gorman-Rupp during the 3rd quarter valued at about $209,000. Finally, Zacks Investment Management bought a new stake in Gorman-Rupp in the 3rd quarter worth approximately $235,000. 59.26% of the stock is currently owned by hedge funds and other institutional investors.

Gorman-Rupp Trading Down 2.9 %

Shares of NYSE:GRC traded down $1.07 on Friday, reaching $35.34. 51,053 shares of the company traded hands, compared to its average volume of 84,917. The business's 50-day simple moving average is $37.78 and its 200 day simple moving average is $38.74. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99. The Gorman-Rupp Company has a 52 week low of $30.47 and a 52 week high of $43.79. The stock has a market capitalization of $927.00 million, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94.

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Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, equities analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.185 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.74 annualized dividend and a yield of 2.09%. Gorman-Rupp's dividend payout ratio (DPR) is presently 48.37%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 25th.

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.