John G Ullman & Associates Inc. Has $4.29 Million Position in The Gorman-Rupp Company (NYSE:GRC)

John G Ullman & Associates Inc. lessened its position in The Gorman-Rupp Company (NYSE:GRC) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,131 shares of the industrial products company’s stock after selling 2,280 shares during the period. John G Ullman & Associates Inc. owned 0.43% of Gorman-Rupp worth $4,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Gorman-Rupp by 1.8% in the 4th quarter. Rhumbline Advisers now owns 31,320 shares of the industrial products company’s stock valued at $1,188,000 after buying an additional 548 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of Gorman-Rupp by 3.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 20,012 shares of the industrial products company’s stock valued at $779,000 after buying an additional 710 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Gorman-Rupp by 5,461.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $28,000 after buying an additional 710 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Gorman-Rupp by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,666 shares of the industrial products company’s stock valued at $1,584,000 after buying an additional 830 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Gorman-Rupp by 13.7% in the 3rd quarter. Verition Fund Management LLC now owns 7,145 shares of the industrial products company’s stock valued at $278,000 after buying an additional 860 shares during the last quarter. Institutional investors and hedge funds own 59.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 25th.

Gorman-Rupp Stock Up 0.8 %

Shares of Gorman-Rupp stock opened at $38.12 on Friday. The Gorman-Rupp Company has a one year low of $30.47 and a one year high of $43.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The stock’s 50-day moving average is $37.96 and its 200 day moving average is $38.89. The firm has a market cap of $999.81 million, a price-to-earnings ratio of 24.92, a PEG ratio of 1.54 and a beta of 0.97.

Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same period in the prior year, the business posted $0.34 EPS. Equities research analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 1.94%. Gorman-Rupp’s payout ratio is 48.37%.

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.