Opinions
Norman Levine
Gorman-Rupp
GRC-N
BUY
Aug 18, 2017
Stock price when the opinion was issued
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He stills owns it and admits it has been a disappointment. It is the largest manufacturer of industrial pumps. It has increased its dividend for 46 consecutive years. It is a value stock, not a yield stock. Energy prices have hurt the demand for their product. It just reported good earnings and looks cheap. Yield 1.8%.
It has been a disappointment. Largest industrial maker of pumps for the oil patch and municipal water supply, etc. Sales has been OK. 30% of its business is made oversees and that should benefit them with the global economic improvement. Small to medium cap stock. It has raised its dividend every year for the last 43 years. They still like it.
(A Top Pick June 16/17, Up 24%) Quite happy, still owns it and keeps buying for clients.The biggest industrial maker of pumps. They’ve increased their dividends for 42-43 years. Nobody cared about their products but now are drawing more attention. A play on water as well, which is a market they like.
The world’s largest manufacturer of industrial pumps. It is the third generation of the family that are running it. It has increased its dividend 44 years in a row. What has held it back in the last couple of years is that they move fluids and some of it is oil and the weakness in that industry has hurt them. That part of the business is starting to improve. Their latest quarter was better than expected. This will be a good long term stock to own.