Gorman-Rupp Company (The) $GRC Stock Holdings Lowered by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in Gorman-Rupp Company (The) (NYSE:GRC) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,298 shares of the industrial products company’s stock after selling 22,162 shares during the period. Vontobel Holding Ltd.’s holdings in Gorman-Rupp were worth $1,735,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Gorman-Rupp by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 599 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. boosted its position in Gorman-Rupp by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 9,892 shares of the industrial products company’s stock worth $615,000 after purchasing an additional 176 shares in the last quarter. Fifth Third Bancorp grew its holdings in Gorman-Rupp by 14.1% in the first quarter. Fifth Third Bancorp now owns 1,461 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 180 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Gorman-Rupp by 2,900.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 300 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 290 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Gorman-Rupp by 1.7% in the second quarter. HighTower Advisors LLC now owns 22,259 shares of the industrial products company’s stock valued at $2,042,000 after purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 59.26% of the company’s stock.

Insiders Place Their Bets

In related news, VP D. Patrick Wischmeier sold 5,153 shares of Gorman-Rupp stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $77.62, for a total value of $399,975.86. Following the sale, the vice president directly owned 1,409 shares in the company, valued at approximately $109,366.58. The trade was a 78.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.60% of the company’s stock.

Gorman-Rupp Stock Performance

GRC opened at $72.33 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 2.81 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.07 and a beta of 1.32. Gorman-Rupp Company has a 52-week low of $42.31 and a 52-week high of $92.78. The firm’s fifty day simple moving average is $75.51 and its two-hundred day simple moving average is $76.95.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, July 24th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $186.07 million for the quarter, compared to analyst estimates of $188.89 million. Gorman-Rupp had a net margin of 8.88% and a return on equity of 15.55%. Equities analysts anticipate that Gorman-Rupp Company will post 2.67 earnings per share for the current fiscal year.

Gorman-Rupp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.1%. Gorman-Rupp’s dividend payout ratio (DPR) is currently 32.07%.

Analysts Set New Price Targets

GRC has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Gorman-Rupp in a research report on Wednesday, September 9th. Wall Street Zen downgraded Gorman-Rupp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Gorman-Rupp presently has an average rating of “Hold”.

Gorman-Rupp Company Profile

The Gorman-Rupp Company (NYSE: GRC) designs and manufactures pumps and pumping systems for moving water and other liquids. Its products include self-priming centrifugal, standard centrifugal, submersible, rotary gear, diaphragm, trash and high-pressure pumps, along with packaged pumping systems and related equipment.

Gorman-Rupp serves a broad range of markets, including municipal water and wastewater, construction, agriculture, industrial, petroleum and fire protection. Its equipment is used in applications such as water supply, sewage handling, stormwater management, dewatering, irrigation and general fluid transfer.

Founded in 1933 by J.C.