MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 703,077 shares of the industrial products company's stock after purchasing an additional 38,191 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.68% of Gorman-Rupp worth $26,661,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Gorman-Rupp by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,205,019 shares of the industrial products company's stock valued at $83,614,000 after acquiring an additional 20,407 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gorman-Rupp by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,345,454 shares of the industrial products company's stock valued at $51,020,000 after purchasing an additional 3,574 shares in the last quarter. Northern Trust Corp lifted its position in shares of Gorman-Rupp by 11.6% in the 4th quarter. Northern Trust Corp now owns 223,192 shares of the industrial products company's stock worth $8,463,000 after purchasing an additional 23,158 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Gorman-Rupp by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 185,956 shares of the industrial products company's stock worth $7,051,000 after purchasing an additional 16,334 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Gorman-Rupp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,153 shares of the industrial products company's stock valued at $6,604,000 after purchasing an additional 1,266 shares in the last quarter. 59.26% of the stock is owned by institutional investors.
Gorman-Rupp Stock Performance
GRC stock opened at $38.68 on Thursday. The Gorman-Rupp Company has a one year low of $30.87 and a one year high of $43.79. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. The firm has a 50-day simple moving average of $35.45 and a two-hundred day simple moving average of $37.92.
Gorman-Rupp (NYSE:GRC - Get Free Report) last announced its earnings results on Thursday, April 24th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $163.95 million during the quarter, compared to the consensus estimate of $164.84 million. Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. On average, equities analysts forecast that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.
Gorman-Rupp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, May 15th. Gorman-Rupp's dividend payout ratio is currently 43.79%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 25th.
Read Our Latest Stock Analysis on GRC
Gorman-Rupp Profile
(
Free Report)
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.
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