7,600 Shares in Gorman-Rupp Company (The) $GRC Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. acquired a new stake in Gorman-Rupp Company (The) (NYSE:GRC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 7,600 shares of the industrial products company’s stock, valued at approximately $472,000.

Other institutional investors have also recently modified their holdings of the company. Huntington National Bank bought a new position in shares of Gorman-Rupp in the fourth quarter worth $31,000. NewEdge Advisors LLC lifted its position in Gorman-Rupp by 130.7% during the fourth quarter. NewEdge Advisors LLC now owns 669 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 379 shares during the period. Osaic Holdings Inc. lifted its position in Gorman-Rupp by 125.0% during the second quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 939 shares during the period. Tower Research Capital LLC TRC grew its stake in Gorman-Rupp by 135.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company’s stock worth $75,000 after buying an additional 1,180 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Gorman-Rupp during the fourth quarter worth about $100,000. 59.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GRC shares. Zacks Research upgraded shares of Gorman-Rupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, Freedom Capital upgraded Gorman-Rupp to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Gorman-Rupp Stock Performance

Gorman-Rupp stock opened at $86.61 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.93 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.29 billion, a PE ratio of 38.84, a P/E/G ratio of 2.60 and a beta of 1.31. Gorman-Rupp Company has a 12-month low of $36.16 and a 12-month high of $89.62. The business’s 50-day moving average price is $76.34 and its two-hundred day moving average price is $64.00.

Gorman-Rupp (NYSE:GRC) last posted its earnings results on Thursday, April 23rd. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. Gorman-Rupp had a net margin of 8.45% and a return on equity of 15.08%. The firm had revenue of $176.59 million during the quarter, compared to analysts’ expectations of $170.61 million. As a group, analysts expect that Gorman-Rupp Company will post 2.6 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.76 annualized dividend and a yield of 0.9%. Gorman-Rupp’s dividend payout ratio is presently 34.08%.

Gorman-Rupp Profile

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.