Deutsche Bank AG Purchases 7,125 Shares of The Gorman-Rupp Company (NYSE:GRC)

Deutsche Bank AG grew its holdings in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,773 shares of the industrial products company's stock after buying an additional 7,125 shares during the period. Deutsche Bank AG owned approximately 0.08% of Gorman-Rupp worth $750,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centricity Wealth Management LLC acquired a new position in shares of Gorman-Rupp during the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC raised its position in shares of Gorman-Rupp by 46.2% during the fourth quarter. Aquatic Capital Management LLC now owns 4,239 shares of the industrial products company's stock worth $161,000 after purchasing an additional 1,339 shares during the period. Inceptionr LLC raised its position in shares of Gorman-Rupp by 9.5% during the fourth quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company's stock worth $265,000 after purchasing an additional 609 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Gorman-Rupp by 880.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,047 shares of the industrial products company's stock worth $267,000 after purchasing an additional 6,328 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of Gorman-Rupp by 390.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 7,401 shares of the industrial products company's stock worth $281,000 after purchasing an additional 5,892 shares during the period. 59.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 25th.

Gorman-Rupp Stock Down 0.4%

NYSE GRC traded down $0.15 on Friday, reaching $36.52. The company had a trading volume of 75,962 shares, compared to its average volume of 78,384. The stock has a market capitalization of $960.26 million, a P/E ratio of 23.87, a P/E/G ratio of 1.54 and a beta of 1.20. The company's fifty day moving average is $35.53 and its 200 day moving average is $37.67. The Gorman-Rupp Company has a 52-week low of $30.87 and a 52-week high of $43.79. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99.

Gorman-Rupp (NYSE:GRC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The industrial products company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The business had revenue of $163.95 million during the quarter, compared to analyst estimates of $164.84 million. Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. Sell-side analysts anticipate that The Gorman-Rupp Company will post 1.98 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 15th. Gorman-Rupp's payout ratio is currently 43.79%.

About Gorman-Rupp

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.