The Gorman-Rupp Company (NYSE:GRC) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) by 317.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,777 shares of the industrial products company's stock after purchasing an additional 26,455 shares during the quarter. Barclays PLC owned about 0.13% of Gorman-Rupp worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GRC. Dimensional Fund Advisors LP lifted its position in Gorman-Rupp by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,339,069 shares of the industrial products company's stock valued at $49,156,000 after buying an additional 17,340 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Gorman-Rupp by 20.7% during the second quarter. Renaissance Technologies LLC now owns 120,789 shares of the industrial products company's stock valued at $4,434,000 after acquiring an additional 20,689 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Gorman-Rupp by 5,461.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 710 shares during the period. Summit Global Investments acquired a new position in shares of Gorman-Rupp in the 3rd quarter worth approximately $470,000. Finally, Robeco Schweiz AG purchased a new position in shares of Gorman-Rupp during the 2nd quarter worth approximately $7,876,000. 59.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a report on Friday, November 29th.

Gorman-Rupp Trading Down 1.2 %

Shares of NYSE GRC traded down $0.48 during trading on Friday, reaching $38.23. The stock had a trading volume of 48,837 shares, compared to its average volume of 84,802. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. The company has a market cap of $1.00 billion, a P/E ratio of 26.37, a PEG ratio of 1.82 and a beta of 0.95. The Gorman-Rupp Company has a fifty-two week low of $30.47 and a fifty-two week high of $43.79. The business's 50-day moving average price is $40.41 and its 200-day moving average price is $38.96.

Gorman-Rupp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.185 dividend. This is an increase from Gorman-Rupp's previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, November 15th. Gorman-Rupp's payout ratio is currently 51.03%.

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.