Inceptionr LLC Boosts Stake in The Gorman-Rupp Company (NYSE:GRC)

Inceptionr LLC lifted its stake in shares of The Gorman-Rupp Company (NYSE:GRC) by 9.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,988 shares of the industrial products company’s stock after purchasing an additional 609 shares during the quarter. Inceptionr LLC’s holdings in Gorman-Rupp were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted 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 acquiring an additional 710 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Gorman-Rupp in the fourth quarter worth about $38,000. Point72 Asset Management L.P. acquired a new stake in shares of Gorman-Rupp during the third quarter worth about $62,000. Quantbot Technologies LP purchased a new stake in Gorman-Rupp in the third quarter valued at approximately $154,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Gorman-Rupp in the 3rd quarter worth approximately $209,000. 59.26% of the stock is owned by hedge funds and other institutional investors.

Gorman-Rupp Trading Up 0.8 %

NYSE GRC opened at $38.44 on Monday. The Gorman-Rupp Company has a 1 year low of $30.47 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The company has a market capitalization of $1.01 billion, a PE ratio of 25.12, a P/E/G ratio of 1.54 and a beta of 0.94. The company has a fifty day moving average of $37.90 and a 200 day moving average of $38.88.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 earnings per share (EPS) 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 period last year, the firm posted $0.34 earnings per share. Research analysts forecast that The Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.185 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 annualized dividend and a yield of 1.93%. Gorman-Rupp’s dividend payout ratio is presently 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 research note 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.