News articles about Gorman-Rupp (NYSE:GRC) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gorman-Rupp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.5163464954121 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Gorman-Rupp (NYSE GRC) opened at $29.62 on Friday. The firm has a market cap of $787.90, a P/E ratio of 29.04 and a beta of 1.18. Gorman-Rupp has a 12 month low of $23.55 and a 12 month high of $33.50.

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Gorman-Rupp (NYSE:GRC) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The business had revenue of $94.94 million during the quarter, compared to the consensus estimate of $95.39 million. Gorman-Rupp had a net margin of 7.00% and a return on equity of 10.04%. Gorman-Rupp’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 15th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Wednesday, February 14th. Gorman-Rupp’s dividend payout ratio (DPR) is 49.02%.

Separately, Sidoti raised shares of Gorman-Rupp from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Monday, March 5th.

In other Gorman-Rupp news, CFO James Kerr purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $27.88 per share, with a total value of $111,520.00. Following the completion of the purchase, the chief financial officer now directly owns 6,000 shares in the company, valued at approximately $167,280. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ronald D. Pittenger purchased 4,962 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $27.71 per share, with a total value of $137,497.02. Following the completion of the purchase, the vice president now owns 4,201 shares of the company’s stock, valued at $116,409.71. The disclosure for this purchase can be found here. Insiders own 12.40% of the company’s stock.

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Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. 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.

Insider Buying and Selling by Quarter for Gorman-Rupp (NYSE:GRC)

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