SEC Form SC 13G/A filed by Gorman-Rupp Company (Amendment)

$GRC
Fluid Controls
Industrials
Get the next $GRC alert in real time by email
SC 13G/A 1 tv01036-gormanruppcothe.htm SCHEDULE 13G/A gormanruppcothe

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934
(Amendment No.: 10)*

Name of issuer:  Gorman-Rupp Co/The

Title of Class of Securities:  Common Stock

CUSIP Number:  383082104

Date of Event Which Requires Filing of this Statement: December 29, 2023

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on the following page(s))

 

 

13G

CUSIP No.:  383082104

1.  NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

The Vanguard Group - 23-1945930

2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP

A. 

B.  X

3.  SEC USE ONLY

4.  CITIZENSHIP OF PLACE OF ORGANIZATION

Pennsylvania

(For questions 5-8, report the number of shares beneficially owned by each reporting person with:)

5.  SOLE VOTING POWER

0

6.  SHARED VOTING POWER

20,174

7.  SOLE DISPOSITIVE POWER

2,251,924

8.  SHARED DISPOSITIVE POWER

40,307

9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,292,231

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

N/A

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

8.75%

12.  TYPE OF REPORTING PERSON

IA

 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Schedule 13G
Under the Securities Act of 1934

Item 1(a) - Name of Issuer:

Gorman-Rupp Co/The

Item 1(b) - Address of Issuer's Principal Executive Offices:

600 South Airport Road
Mansfield, OH 44903

Item 2(a) - Name of Person Filing:

The Vanguard Group - 23-1945930

Item 2(b) – Address of Principal Business Office or, if none, residence:

100 Vanguard Blvd.
Malvern, PA 19355

Item 2(c) – Citizenship:

Pennsylvania

Item 2(d) - Title of Class of Securities:

Common Stock

Item 2(e) - CUSIP Number

383082104

Item 3 - Type of Filing:

This statement is being filed pursuant to Rule 13d-1.  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

Item 4 - Ownership:

  (a) Amount Beneficially Owned:

  (b) Percent of Class:

 

 

(c)  Number of shares as to which such person has:

(i)  sole power to vote or direct to vote:  

(ii)  shared power to vote or direct to vote:  

(iii)  sole power to dispose of or to direct the disposition of:  

(iv)  shared power to dispose or to direct the disposition of:  

Comments:

The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.  

Item 5 - Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person:

The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.

No one other person's interest in the securities reported herein is more than 5%.

Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company:

Not applicable

Item 8 - Identification and Classification of Members of Group:

Not applicable

Item 9 - Notice of Dissolution of Group:

Not applicable

Item 10 - Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:  February 13, 2024

By /s/ Ashley Grim
Name: Ashley Grim
Title:  Head of Global Fund Administration

Get the next $GRC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$GRC

DatePrice TargetRatingAnalyst
9/25/2023Buy
Sidoti
9/13/2023$40.00Buy
Northcoast
2/7/2022$46.00Neutral → Buy
Sidoti
11/16/2021$46.00Buy → Neutral
Sidoti
More analyst ratings

$GRC
Press Releases

Fastest customizable press release news feed in the world

See more
  • Gabelli Funds to Host Pump, Valve & Water Systems Symposium at the Harvard Club, New York City

    GREENWICH, Conn., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's

    $AME
    $BMI
    $CR
    $EPAC
    Industrial Machinery/Components
    Industrials
    Metal Fabrications
    Technology
  • Gorman-Rupp Reports Fourth Quarter and Full-year 2024 Financial Results

    The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of 2024 increased 15.8%, compared to the fourth quarter of 2023 Net sales for the fourth quarter of 2024 were $162.7 million compared

    $GRC
    Fluid Controls
    Industrials
  • Gabelli Funds to Host Pump, Valve & Water Systems Symposium at the Harvard Club, New York City

    GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig

    $AME
    $BMI
    $CR
    $EPAC
    Industrial Machinery/Components
    Industrials
    Metal Fabrications
    Technology

$GRC
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$GRC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$GRC
SEC Filings

See more

$GRC
Financials

Live finance-specific insights

See more
  • Gorman-Rupp Reports Fourth Quarter and Full-year 2024 Financial Results

    The Gorman-Rupp Company (NYSE:GRC) reports financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net sales of $162.7 million increased 1.3%, or $2.1 million, compared to the fourth quarter of 2023 Fourth quarter net income was $11.0 million, or $0.42 per share, compared to net income of $9.0 million, or $0.34 per share, for the fourth quarter of 2023 Interest expense decreased due to debt refinancing in the second quarter of 2024 and reduced debt levels Incoming orders for the fourth quarter of 2024 increased 15.8%, compared to the fourth quarter of 2023 Net sales for the fourth quarter of 2024 were $162.7 million compared

    $GRC
    Fluid Controls
    Industrials
  • Gorman-Rupp Company Declares Cash Dividend and Announces Date of the Annual Meeting

    The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable March 10, 2025, to shareholders of record February 14, 2025. This action will mark the 300th consecutive quarterly dividend paid by The Gorman-Rupp Company. Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 24, 2025, and the related establishment of the close of business on February 24, 2025 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual fo

    $GRC
    Fluid Controls
    Industrials
  • Gorman-Rupp Announces Increase in Quarterly Cash Dividend

    The Board of Directors of The Gorman-Rupp Company (NYSE:GRC) has declared a quarterly cash dividend of $0.185 per share on the common shares of the Company, payable December 10, 2024, to shareholders of record November 15, 2024. The cash dividend will represent a 2.8% increase over the $0.18 dividend per share paid in the previous quarter. This action will mark the 299th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 52nd consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments. About The Gorman-Rupp Company Founded in 1933, The

    $GRC
    Fluid Controls
    Industrials

$GRC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more