Oshkosh Co. (NYSE:OSK) Shares Sold by HM Payson & Co.

HM Payson & Co. reduced its holdings in Oshkosh Co. (NYSE:OSK) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,141 shares of the company’s stock after selling 499 shares during the quarter. HM Payson & Co.’s holdings in Oshkosh were worth $394,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

OSK has been the topic of several research analyst reports. Morgan Stanley lifted their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. KeyCorp lifted their price target on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Raymond James lifted their price target on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group lifted their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.92.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $98.43 on Monday. The stock has a market cap of $6.35 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business has a fifty day simple moving average of $100.81 and a 200-day simple moving average of $102.99. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98.

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

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) 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.