Janney Montgomery Scott LLC Raises Position in Oshkosh Co. (NYSE:OSK)

Janney Montgomery Scott LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,053 shares of the company’s stock after buying an additional 2,629 shares during the quarter. Janney Montgomery Scott LLC owned 0.05% of Oshkosh worth $3,237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenhaven Associates Inc. boosted its position in Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after buying an additional 15,622 shares during the last quarter. FMR LLC boosted its holdings in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Geode Capital Management LLC grew its stake in Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oshkosh by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares in the last quarter. Finally, Equity Investment Corp increased its holdings in Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday. Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group cut their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.25.

Oshkosh Stock Up 2.7 %

Shares of Oshkosh stock opened at $116.30 on Friday. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 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 business’s 50 day simple moving average is $99.78 and its 200-day simple moving average is $103.08.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts forecast that Oshkosh Co. will post 11.34 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is presently 17.86%.

Oshkosh 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.