Cooke & Bieler LP Has $16.85 Million Stock Holdings in The Gorman-Rupp Company (NYSE:GRC)

Cooke & Bieler LP decreased its holdings in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 444,227 shares of the industrial products company's stock after selling 24,820 shares during the quarter. Cooke & Bieler LP owned 1.69% of Gorman-Rupp worth $16,845,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 710 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Gorman-Rupp during the 4th quarter worth about $38,000. Point72 Asset Management L.P. bought a new stake in Gorman-Rupp during the 3rd quarter worth about $62,000. Quantbot Technologies LP bought a new stake in Gorman-Rupp during the 3rd quarter worth about $154,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Gorman-Rupp during the 3rd quarter worth about $209,000. Institutional investors and hedge funds own 59.26% of the company's stock.

Gorman-Rupp Price Performance

Shares of GRC opened at $37.65 on Tuesday. The company has a market cap of $987.35 million, a price-to-earnings ratio of 24.60, a PEG ratio of 1.54 and a beta of 0.94. The Gorman-Rupp Company has a 1-year low of $30.47 and a 1-year high of $43.79. The company's fifty day simple moving average is $37.90 and its 200 day simple moving average is $38.88. The company has a current ratio of 2.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.99.

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Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.42 earnings per share 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 quarter last year, the company earned $0.34 EPS. On average, research analysts forecast that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

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 was Friday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 1.97%. Gorman-Rupp's dividend payout ratio is currently 48.37%.

Wall Street Analysts Forecast Growth

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 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.

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