Fruth Investment Management Has $2.62 Million Stock Holdings in The Gorman-Rupp Company (NYSE:GRC)

Fruth Investment Management decreased its holdings in shares of The Gorman-Rupp Company (NYSE:GRC) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 67,385 shares of the industrial products company’s stock after selling 1,627 shares during the period. Fruth Investment Management’s holdings in Gorman-Rupp were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Gorman-Rupp by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,339,069 shares of the industrial products company’s stock valued at $49,156,000 after purchasing an additional 17,340 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gorman-Rupp by 20.7% during the second quarter. Renaissance Technologies LLC now owns 120,789 shares of the industrial products company’s stock worth $4,434,000 after buying an additional 20,689 shares in the last quarter. Robeco Schweiz AG acquired a new stake in shares of Gorman-Rupp during the second quarter worth $7,876,000. CWM LLC lifted its holdings in shares of Gorman-Rupp by 76.8% during the second quarter. CWM LLC now owns 921 shares of the industrial products company’s stock worth $34,000 after buying an additional 400 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of Gorman-Rupp by 55.3% during the first quarter. Quadrature Capital Ltd now owns 9,737 shares of the industrial products company’s stock worth $385,000 after buying an additional 3,468 shares in the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Gorman-Rupp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th.

Gorman-Rupp Stock Down 0.3 %

GRC opened at $38.82 on Tuesday. The Gorman-Rupp Company has a fifty-two week low of $28.87 and a fifty-two week high of $42.24. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.44 and a current ratio of 2.45. The company has a market capitalization of $1.02 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.60 and a beta of 0.91. The stock has a fifty day moving average of $38.05 and a 200-day moving average of $36.99.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Friday, July 26th. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $169.51 million during the quarter, compared to the consensus estimate of $174.44 million. Gorman-Rupp had a return on equity of 11.39% and a net margin of 5.20%. On average, equities analysts expect that The Gorman-Rupp Company will post 1.85 EPS for the current year.

Gorman-Rupp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, August 15th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 52.17%.

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.