The Gorman-Rupp Company (NYSE:GRC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 91.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,711 shares of the industrial products company's stock after buying an additional 11,827 shares during the period. Janney Montgomery Scott LLC owned 0.09% of Gorman-Rupp worth $937,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GRC. Barclays PLC raised its position in Gorman-Rupp by 317.9% during the 3rd quarter. Barclays PLC now owns 34,777 shares of the industrial products company's stock worth $1,355,000 after buying an additional 26,455 shares during the last quarter. Farther Finance Advisors LLC raised its position 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 last quarter. Summit Global Investments purchased a new position in Gorman-Rupp during the 3rd quarter worth approximately $470,000. Walleye Capital LLC purchased a new position in Gorman-Rupp during the 3rd quarter worth approximately $595,000. Finally, Mechanics Financial Corp raised its position in Gorman-Rupp by 105.7% during the 3rd quarter. Mechanics Financial Corp now owns 1,012,825 shares of the industrial products company's stock worth $39,450,000 after buying an additional 520,361 shares during the last quarter. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Gorman-Rupp Stock Performance

Shares of NYSE:GRC traded down $1.01 during trading on Friday, hitting $36.79. 81,981 shares of the stock traded hands, compared to its average volume of 57,659. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The company has a market cap of $965.00 million, a price-to-earnings ratio of 25.37, a P/E/G ratio of 1.47 and a beta of 0.97. The company has a fifty day moving average price of $38.83 and a two-hundred day moving average price of $38.95. The Gorman-Rupp Company has a 52-week low of $30.47 and a 52-week high of $43.79.

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 for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a net margin of 5.80% and a return on equity of 12.32%. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, equities analysts predict that The Gorman-Rupp Company will post 1.78 EPS for the current year.

Gorman-Rupp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, February 14th. Gorman-Rupp's dividend payout ratio (DPR) is 51.03%.

Analysts Set New Price Targets

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

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.