Intech Investment Management LLC Invests $344,000 in The Gorman-Rupp Company (NYSE:GRC)

Intech Investment Management LLC bought a new stake in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 9,069 shares of the industrial products company's stock, valued at approximately $344,000.

A number of other large investors also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Gorman-Rupp by 317.9% in the third quarter. Barclays PLC now owns 34,777 shares of the industrial products company's stock valued at $1,355,000 after purchasing an additional 26,455 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Gorman-Rupp by 91.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 24,711 shares of the industrial products company's stock worth $937,000 after buying an additional 11,827 shares during the period. Walleye Capital LLC bought a new stake in shares of Gorman-Rupp in the 3rd quarter valued at about $595,000. Vontobel Holding Ltd. acquired a new stake in shares of Gorman-Rupp in the 4th quarter valued at approximately $935,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in Gorman-Rupp by 81.8% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 16,216 shares of the industrial products company's stock worth $615,000 after acquiring an additional 7,294 shares during the last quarter. Institutional investors and hedge funds own 59.26% of the company's stock.

Analyst Ratings Changes

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

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Gorman-Rupp Trading Down 2.9 %

GRC stock traded down $1.07 during midday trading on Friday, hitting $35.34. 51,053 shares of the company's stock were exchanged, compared to its average volume of 84,872. The Gorman-Rupp Company has a one year low of $30.47 and a one year high of $43.79. The stock's fifty day moving average price is $37.74 and its 200-day moving average price is $38.76. The company has a market cap of $927.00 million, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39.

Gorman-Rupp (NYSE:GRC - Get Free Report) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.42 earnings per share (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 in the prior year, the firm earned $0.34 EPS. Research analysts predict that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given 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 is currently 48.37%.

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.