The Gorman-Rupp Company (NYSE:GRC) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of The Gorman-Rupp Company (NYSE:GRC) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,564 shares of the industrial products company’s stock after buying an additional 5,602 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.27% of Gorman-Rupp worth $2,638,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new position in Gorman-Rupp in the fourth quarter worth approximately $38,000. Point72 Asset Management L.P. acquired a new position in shares of Gorman-Rupp during the third quarter worth $62,000. Quantbot Technologies LP purchased a new position in Gorman-Rupp in the third quarter valued at $154,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gorman-Rupp in the third quarter valued at $209,000. Finally, Zacks Investment Management purchased a new stake in Gorman-Rupp during the 3rd quarter worth about $235,000. 59.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Gorman-Rupp Stock Performance

Shares of Gorman-Rupp stock opened at $37.59 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The Gorman-Rupp Company has a 52 week low of $30.47 and a 52 week high of $43.79. The firm’s 50 day moving average is $37.88 and its two-hundred day moving average is $38.82. The firm has a market capitalization of $986.02 million, a P/E ratio of 24.57, a P/E/G ratio of 1.54 and a beta of 0.94.

Gorman-Rupp (NYSE:GRC) last posted its earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.34 earnings per share. Research analysts forecast that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, February 14th. Gorman-Rupp’s dividend payout ratio (DPR) is currently 48.37%.

Gorman-Rupp Profile

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.