Oshkosh (NYSE:OSK) Price Target Lowered to $117.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target trimmed by JPMorgan Chase & Co. from $127.00 to $117.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on the stock. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Bank of America increased their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. UBS Group increased their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley increased their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and an average price target of $125.08.

Oshkosh Stock Down 1.5 %

Shares of OSK stock opened at $95.53 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm’s 50-day moving average is $101.11 and its 200-day moving average is $102.47. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.45 and a beta of 1.21. Oshkosh has a 52-week low of $89.08 and a 52-week high of $127.98.

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

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.14%. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Institutional Trading of Oshkosh

Several large investors have recently made changes to their positions in OSK. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Coppell Advisory Solutions LLC boosted its position in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after buying an additional 110 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in Oshkosh in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new stake in Oshkosh in the third quarter valued at approximately $34,000. Finally, Proficio Capital Partners LLC acquired a new stake in Oshkosh in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.