Morgan Stanley upgraded shares of Gardner Denver (NYSE:GDI) from an equal weight rating to an overweight rating in a research note published on Friday, Marketbeat Ratings reports.

Several other research firms also recently commented on GDI. ValuEngine upgraded Gardner Denver from a sell rating to a hold rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $35.00 price objective on Gardner Denver and gave the stock a buy rating in a report on Wednesday, September 26th. Deutsche Bank restated a hold rating and set a $32.00 price target on shares of Gardner Denver in a research note on Thursday, July 12th. TD Securities restated an average rating and set a $24.00 price target on shares of Gardner Denver in a research note on Thursday. Finally, Zacks Investment Research downgraded Gardner Denver from a hold rating to a sell rating in a research note on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Gardner Denver presently has a consensus rating of Buy and an average target price of $33.92.

NYSE GDI traded down $0.56 during trading hours on Friday, hitting $26.55. The company’s stock had a trading volume of 3,314,908 shares, compared to its average volume of 2,168,559. Gardner Denver has a 12 month low of $23.33 and a 12 month high of $38.00. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 265.50 and a beta of 1.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.46 and a current ratio of 2.40.

Gardner Denver (NYSE:GDI) last released its quarterly earnings data on Friday, October 26th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Gardner Denver had a return on equity of 22.72% and a net margin of 12.06%. The company had revenue of $689.30 million during the quarter, compared to the consensus estimate of $707.78 million. On average, equities analysts predict that Gardner Denver will post 1.31 earnings per share for the current fiscal year.

In related news, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $25.66, for a total transaction of $513,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Several large investors have recently made changes to their positions in GDI. FMR LLC grew its stake in shares of Gardner Denver by 103.4% during the 2nd quarter. FMR LLC now owns 13,576,681 shares of the company’s stock valued at $399,019,000 after acquiring an additional 6,901,523 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Gardner Denver by 33.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,281,012 shares of the company’s stock valued at $272,769,000 after acquiring an additional 2,313,078 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Gardner Denver by 133.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 2,734,973 shares of the company’s stock valued at $80,380,000 after acquiring an additional 1,564,257 shares during the period. Wells Fargo & Company MN grew its stake in shares of Gardner Denver by 66.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,173,099 shares of the company’s stock valued at $63,868,000 after acquiring an additional 869,139 shares during the period. Finally, BlackRock Inc. lifted its holdings in Gardner Denver by 27.6% in the 2nd quarter. BlackRock Inc. now owns 3,640,909 shares of the company’s stock worth $107,008,000 after purchasing an additional 787,334 shares in the last quarter.

About Gardner Denver

Gardner Denver Holdings, Inc provides mission-critical flow control and compression equipment; and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical.

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Analyst Recommendations for Gardner Denver (NYSE:GDI)

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