Oshkosh Co. (NYSE:OSK) Shares Sold by Davis R M Inc.

Davis R M Inc. trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 42.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,159 shares of the company’s stock after selling 64,426 shares during the quarter. Davis R M Inc. owned about 0.13% of Oshkosh worth $8,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares during the period. Hager Investment Management Services LLC acquired a new stake in Oshkosh during the 4th quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the 3rd quarter worth approximately $34,000. V Square Quantitative Management LLC lifted its position in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 157 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in Oshkosh during the 4th quarter worth approximately $44,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OSK has been the subject of a number of analyst reports. Raymond James increased their target price on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group increased their target price on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Citigroup cut their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley increased their target price on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI increased their target price on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.92.

Oshkosh Stock Performance

NYSE OSK opened at $97.11 on Tuesday. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a market capitalization of $6.27 billion, a P/E ratio of 9.38, a PEG ratio of 1.45 and a beta of 1.21. The business has a 50 day moving average price of $100.87 and a 200 day moving average price of $102.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is 19.71%.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.