Gorman-Rupp Company (The) (NYSE:GRC) Declares Dividend Increase – $0.20 Per Share

Posted by Geri Gentry on Oct 23rd, 2026

Gorman-Rupp Company (The) (NYSE:GRC – Get Free Report) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Friday, November 13th will be given a dividend of $0.20 per share by the industrial products company on Thursday, December 10th. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 13th. This is a 5.3% increase from Gorman-Rupp’s previous quarterly dividend of $0.19.

Gorman-Rupp has a dividend payout ratio of 31.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Gorman-Rupp to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 24.4%.

Gorman-Rupp Price Performance

GRC stock traded up $3.54 during mid-day trading on Friday, hitting $73.67. The stock had a trading volume of 467,861 shares, compared to its average volume of 168,135. The company has a current ratio of 2.81, a quick ratio of 1.82 and a debt-to-equity ratio of 0.62. Gorman-Rupp has a 52 week low of $42.31 and a 52 week high of $92.78. The firm has a market capitalization of $1.95 billion, a P/E ratio of 31.09, a P/E/G ratio of 2.13 and a beta of 1.32. The firm has a fifty day simple moving average of $74.96 and a 200 day simple moving average of $77.15.

Gorman-Rupp (NYSE:GRC – Get Free Report) last issued its earnings results on Friday, October 23rd. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.70 by $0.16. Gorman-Rupp had a net margin of 8.88% and a return on equity of 15.55%. The company had revenue of $193.25 million during the quarter, compared to analysts’ expectations of $181.55 million. As a group, research analysts forecast that Gorman-Rupp will post 2.67 EPS for the current year.

Insider Activity

In other news, VP D. Patrick Wischmeier sold 5,153 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $77.62, for a total value of $399,975.86. Following the completion of the transaction, the vice president directly owned 1,409 shares in the company, valued at approximately $109,366.58. This represents a 78.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.60% of the company’s stock.

Institutional Trading of Gorman-Rupp

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Gorman-Rupp during the second quarter worth about $165,116,000. First Trust Advisors LP increased its stake in shares of Gorman-Rupp by 326.1% in the first quarter. First Trust Advisors LP now owns 524,400 shares of the industrial products company’s stock valued at $32,581,000 after buying an additional 401,340 shares during the period. Legal & General Group Plc acquired a new position in shares of Gorman-Rupp in the second quarter valued at approximately $33,565,000. Bank of America Corp DE acquired a new position in shares of Gorman-Rupp in the second quarter valued at approximately $28,291,000. Finally, Bank of New York Mellon Corp bought a new position in Gorman-Rupp in the 2nd quarter valued at approximately $16,235,000. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Company Profile

(Get Free Report)

Gorman-Rupp Co designs, manufactures and sells pumps and pumping systems for moving water and other liquids. Its product portfolio includes self-priming centrifugal pumps, standard centrifugal pumps, submersible pumps, rotary gear pumps, diaphragm pumps and related pumping equipment.

The company serves a range of markets, including municipal water and wastewater treatment, construction, agriculture, industrial operations, petroleum, fire protection and emergency services. Its products are used in applications such as sewage handling, flood control, dewatering, irrigation and general fluid transfer.

Founded in 1933 by J.C.