State of Wyoming Sells 8,228 Shares of Gorman-Rupp Company (The) $GRC

State of Wyoming lowered its position in shares of Gorman-Rupp Company (The) (NYSE:GRC) by 92.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 635 shares of the industrial products company’s stock after selling 8,228 shares during the quarter. State of Wyoming’s holdings in Gorman-Rupp were worth $39,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in Gorman-Rupp by 3.2% in the fourth quarter. Cerity Partners LLC now owns 4,776 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 150 shares during the period. Captrust Financial Advisors grew its holdings in shares of Gorman-Rupp by 3.5% in the 4th quarter. Captrust Financial Advisors now owns 4,872 shares of the industrial products company’s stock valued at $233,000 after buying an additional 163 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Gorman-Rupp by 1.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,892 shares of the industrial products company’s stock valued at $615,000 after buying an additional 176 shares during the period. Fifth Third Bancorp increased its position in shares of Gorman-Rupp by 14.1% in the 1st quarter. Fifth Third Bancorp now owns 1,461 shares of the industrial products company’s stock valued at $91,000 after buying an additional 180 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Gorman-Rupp by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,370 shares of the industrial products company’s stock valued at $2,166,000 after buying an additional 203 shares in the last quarter. Institutional investors own 59.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GRC shares. Freedom Capital upgraded Gorman-Rupp to a “hold” rating in a report on Monday, May 18th. Wall Street Zen upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research raised Gorman-Rupp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings lowered Gorman-Rupp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Gorman-Rupp Stock Up 3.2%

Shares of GRC stock opened at $85.45 on Wednesday. The firm’s fifty day moving average price is $82.00 and its two-hundred day moving average price is $71.07. The company has a current ratio of 2.81, a quick ratio of 1.82 and a debt-to-equity ratio of 0.62. Gorman-Rupp Company has a 1 year low of $40.74 and a 1 year high of $92.78. The firm has a market capitalization of $2.26 billion, a P/E ratio of 36.05, a PEG ratio of 2.39 and a beta of 1.29.

Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings data on Friday, July 24th. The industrial products company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $186.07 million during the quarter, compared to the consensus estimate of $188.89 million. Gorman-Rupp had a net margin of 8.88% and a return on equity of 15.55%. On average, equities analysts predict that Gorman-Rupp Company will post 2.67 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.76 annualized dividend and a yield of 0.9%. Gorman-Rupp’s dividend payout ratio is 32.07%.

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.