As of Nov. 2, Gabelli Asset Management Company (GAMCO)
Investors grew its shares in energy, industrial, chemical and
pharmaceutical equipment supplier, Robbins & Myers Inc. (
) by 302.31 percent, reported on
GuruFocus Real Time Picks
. This gives GAMCO a total of 2.7 percent ownership, with more
than 1.14 million shares of Robbins & Myers common stock.
With a market cap of $2.5 billion, Robbins & Myers is
currently trading at $59.59 per share.
Headquartered in Texas, Robbins & Myers' fourth quarter ended
Aug. 31, which prompted the release of its fourth quarter and
full-year fiscal results in mid-October. According to the report,
consolidated sales and diluted earnings per shares both underwent
increases for the quarter, as well as its business segments of
energy services and process and flow control.
Robbins & Myers also announced distribution of its quarterly
cash dividend payment of $0.05 per share, payable to shareholders
Last August, Robbins & Myers announced a merger agreement
with National Oilwell Varco Inc. (
), a sale worth $60 per share in cash of Robbins & Myers'
42.4 million shares outstanding. The merger was initially set for
the fourth quarter; however, the company recently decided the
closing could slip into 2012 due to a request for information
from the U.S. Justice department.
Besides GAMCO, other funds managed by billionaire Guru
, also maintain holdings of Robbins & Myers including:
Gabelli Funds at 2.2 percent ownership and 927,149 shares of
common stock; Gabelli Securities Inc. at 0.93 percent ownership
and 392,823 shares of common stock; Gabelli Asset Management (
) at .05 percent ownership and 23,100 shares of common stock;
Gabelli Group Capital Partners (GGCP) at .04 percent ownership at
14,937 share of common stock; and lastly,
himself at 0.16 percent ownership and 64,500 shares of common
stock, according to a 13D filing with the SEC.
RBN data by GuruFocus.com
In a five-year timeframe, Robbins & Myers has undergone
intermittent price hikes, as it nears its 10-year high of $60.19
GuruFocus ranks Robbins & Myers a Business Predictability
rank of 2 out of 5 stars, a Financial Strength rank of 6 out of
10 and a Profitability & Growth rank of 7 out of 10.
Besides Gabelli, other Gurus who have holding of the company
include Joel Greenblatt, Chuck Royce, RS Investment Management,
John Keeley and Jim Simons.
To view Robbins & Myers' holding history with Gabelli and
other Gurus, visit RBN: Holding History.About GuruFocus:
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