Principal Financial Group Inc. purchased a new position in shares of Gardner Denver Holdings, Inc. (NYSE:GDI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 64,667 shares of the company’s stock, valued at approximately $1,397,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Gardner Denver Holdings during the 2nd quarter worth $15,938,000. American Century Companies Inc. purchased a new stake in Gardner Denver Holdings during the 2nd quarter worth $12,492,000. TD Asset Management Inc. purchased a new stake in Gardner Denver Holdings during the 2nd quarter worth $2,184,000. Pioneer Investment Management Inc. purchased a new stake in Gardner Denver Holdings during the 2nd quarter worth $9,249,000. Finally, Neuberger Berman Group LLC purchased a new stake in Gardner Denver Holdings during the 2nd quarter worth $66,221,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

GDI has been the topic of several analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price target on shares of Gardner Denver Holdings in a research note on Wednesday, October 4th. Piper Jaffray Companies set a $27.00 target price on shares of Gardner Denver Holdings and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Wolfe Research began coverage on shares of Gardner Denver Holdings in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $26.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $28.00 target price on shares of Gardner Denver Holdings in a research report on Thursday, September 7th. Finally, Simmons reissued an “overweight” rating and issued a $31.00 target price on shares of Gardner Denver Holdings in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.20.

Shares of Gardner Denver Holdings, Inc. (GDI) opened at 26.60 on Monday. The company’s market cap is $5.21 billion. Gardner Denver Holdings, Inc. has a 52-week low of $19.91 and a 52-week high of $27.95. The stock has a 50 day moving average of $24.83 and a 200 day moving average of $23.34.

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About Gardner Denver Holdings

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

Institutional Ownership by Quarter for Gardner Denver Holdings (NYSE:GDI)

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