The Gorman-Rupp Company (NYSE:GRC) Stock Holdings Boosted by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its position in shares of The Gorman-Rupp Company (NYSE:GRC) by 32.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 65,827 shares of the industrial products company’s stock after acquiring an additional 15,990 shares during the period. Johnson Investment Counsel Inc. owned 0.25% of The Gorman-Rupp worth $2,267,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GRC. BNP Paribas Arbitrage SA grew its position in The Gorman-Rupp by 119.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,084 shares of the industrial products company’s stock valued at $268,000 after buying an additional 4,401 shares in the last quarter. BlackRock Inc. grew its position in The Gorman-Rupp by 4.1% in the 1st quarter. BlackRock Inc. now owns 1,532,459 shares of the industrial products company’s stock valued at $50,741,000 after buying an additional 60,838 shares in the last quarter. Principal Financial Group Inc. grew its position in The Gorman-Rupp by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 10,466 shares of the industrial products company’s stock valued at $347,000 after buying an additional 726 shares in the last quarter. Russell Investments Group Ltd. grew its position in The Gorman-Rupp by 317.6% in the 1st quarter. Russell Investments Group Ltd. now owns 4,510 shares of the industrial products company’s stock valued at $149,000 after buying an additional 3,430 shares in the last quarter. Finally, UBS Group AG grew its position in The Gorman-Rupp by 4.0% in the 1st quarter. UBS Group AG now owns 40,782 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 1,580 shares in the last quarter. Institutional investors and hedge funds own 55.12% of the company’s stock.

Shares of GRC opened at $37.59 on Thursday. The firm has a 50-day moving average price of $36.02 and a 200 day moving average price of $35.22. The firm has a market capitalization of $982.11 million, a PE ratio of 34.49 and a beta of 0.54. The Gorman-Rupp Company has a 52-week low of $30.35 and a 52-week high of $37.95.

The Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings results on Thursday, July 22nd. The industrial products company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The Gorman-Rupp had a net margin of 8.09% and a return on equity of 9.68%. The company had revenue of $93.02 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 13th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, August 12th.

In other The Gorman-Rupp news, Director Christopher H. Lake sold 1,700 shares of the company’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $34.93, for a total value of $59,381.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

The Gorman-Rupp Company Profile

The Gorman-Rupp Co engages in the design, manufacture, and global marketing of pumps and pump systems. Its pump models include self-priming centrifugal, standard centrifugal, submersible, rotary gear, diaphragm, engine-driven, and priming assist pumps as well as packaged pump stations. The firm offers its products to fire protection, municipal, industrial, agriculture, construction, petroleum, and original equipment manufacturer.

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Institutional Ownership by Quarter for The Gorman-Rupp (NYSE:GRC)

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