The Gorman-Rupp Company (NYSE:GRC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,163 shares of the industrial products company's stock after selling 20,434 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Gorman-Rupp worth $2,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its stake in Gorman-Rupp by 317.9% during the 3rd quarter. Barclays PLC now owns 34,777 shares of the industrial products company's stock valued at $1,355,000 after acquiring an additional 26,455 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Gorman-Rupp by 91.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,711 shares of the industrial products company's stock valued at $937,000 after purchasing an additional 11,827 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in Gorman-Rupp during the 4th quarter worth about $935,000. Pinnacle Wealth Planning Services Inc. grew its position 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 purchasing an additional 7,294 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Gorman-Rupp during the 3rd quarter valued at about $399,000. Institutional investors and hedge funds own 59.26% of the company's stock.

Analyst Ratings Changes

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

Gorman-Rupp Stock Performance

Shares of GRC traded up $1.39 during trading hours on Thursday, hitting $34.73. The stock had a trading volume of 8,444 shares, compared to its average volume of 83,947. The firm has a 50-day moving average price of $35.96 and a 200 day moving average price of $38.10. The Gorman-Rupp Company has a fifty-two week low of $30.47 and a fifty-two week high of $43.79. The firm has a market capitalization of $910.90 million, a price-to-earnings ratio of 22.70, a PEG ratio of 1.54 and a beta of 1.05. 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 issued its quarterly earnings data on Thursday, April 24th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. As a group, research analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.13%. Gorman-Rupp's dividend payout ratio (DPR) is 48.37%.

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.