Merit Financial Group LLC Has $384,000 Position in Oshkosh Co. (NYSE:OSK)

Merit Financial Group LLC raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,040 shares of the company’s stock after purchasing an additional 259 shares during the period. Merit Financial Group LLC’s holdings in Oshkosh were worth $384,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Oshkosh in the 3rd quarter worth $25,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the third quarter worth about $34,000. International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares during the period. Finally, KBC Group NV increased its position in shares of Oshkosh by 15.2% during the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after purchasing an additional 220 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 1.3 %

OSK opened at $97.48 on Friday. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The stock has a market capitalization of $6.34 billion, a PE ratio of 9.46, a PEG ratio of 1.01 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $100.33 and a two-hundred day moving average price of $103.16.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, equities analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OSK. Truist Financial decreased their price target on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. UBS Group decreased their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, KeyCorp upgraded Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 target price for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus price target of $121.14.

About Oshkosh

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.