Vontobel Holding Ltd. Makes New $935,000 Investment in The Gorman-Rupp Company (NYSE:GRC)

Vontobel Holding Ltd. bought a new stake in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,656 shares of the industrial products company's stock, valued at approximately $935,000. Vontobel Holding Ltd. owned approximately 0.09% of Gorman-Rupp at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Gorman-Rupp by 5,461.5% during the third 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 in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Gorman-Rupp by 3.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 20,012 shares of the industrial products company's stock worth $779,000 after buying an additional 710 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Gorman-Rupp in the third quarter worth approximately $29,000. nVerses Capital LLC bought a new position in shares of Gorman-Rupp in the third quarter worth approximately $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Gorman-Rupp by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,666 shares of the industrial products company's stock worth $1,584,000 after buying an additional 830 shares in the last quarter. Institutional investors own 59.26% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gorman-Rupp from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 17th.

Gorman-Rupp Stock Performance

Shares of GRC traded down $0.54 during mid-day trading on Friday, hitting $39.22. 156,550 shares of the company traded hands, compared to its average volume of 62,827. 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 stock has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $38.85. The Gorman-Rupp Company has a 1 year low of $30.47 and a 1 year high of $43.79. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.54 and a beta of 0.97.

Gorman-Rupp (NYSE:GRC - Get Free Report) last released its quarterly earnings data 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 6.08% and a return on equity of 12.79%. During the same quarter in the previous year, the firm earned $0.34 EPS. Equities analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 1.89%. Gorman-Rupp's payout ratio 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.