Equities researchers at MKM Partners increased their target price on shares of Gardner Denver (NYSE: GDI) from $76.00 to $82.00 in a report issued on Monday.

Shares of Gardner Denver traded up 0.04% during mid-day trading on Monday, hitting $74.77. Gardner Denver has a one year low of $45.54 and a one year high of $76.57. The stock’s 50-day moving average is currently $70.39. The company has a market cap of $3.675 billion and a P/E ratio of 14.16.

Gardner Denver last issued its quarterly earnings data on Friday, February 22nd. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.16. The company had revenue of $589.70 million for the quarter, compared to the consensus estimate of $558.08 million. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Gardner Denver has set its Q1 guidance at $0.94-1.04 EPS and its FY13 guidance at $5.00-5.25 EPS. On average, analysts predict that Gardner Denver will post $5.27 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird downgraded shares of Gardner Denver from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. They now have a $76.00 price target on the stock, down previously from $85.00. Separately, analysts at Zacks upgraded shares of Gardner Denver from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, February 26th. They now have a $77.00 price target on the stock.

Four investment analysts have rated the stock with a buy rating, and four have assigned a hold rating to the company. The stock presently has a consensus rating of “overweight” and a consensus price target of $78.50.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Tuesday, March 12th.

Gardner Denver, Inc. (Gardner Denver) designs, manufactures and markets engineered industrial machinery and related parts and services.

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