Confluence Wealth Services Inc. Has $232,000 Stock Position in Oshkosh Co. (NYSE:OSK)

Confluence Wealth Services Inc. lowered its stake in shares of Oshkosh Co. (NYSE:OSK) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,320 shares of the company’s stock after selling 123 shares during the period. Confluence Wealth Services Inc.’s holdings in Oshkosh were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSK. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Oshkosh in the 1st quarter worth approximately $1,507,000. Janney Montgomery Scott LLC lifted its holdings in Oshkosh by 10.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,845 shares of the company’s stock worth $4,470,000 after purchasing an additional 3,454 shares in the last quarter. Nordea Investment Management AB grew its holdings in Oshkosh by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 90,564 shares of the company’s stock valued at $11,293,000 after buying an additional 1,709 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Oshkosh by 26.1% in the first quarter. Whittier Trust Co. now owns 782 shares of the company’s stock worth $98,000 after buying an additional 162 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of Oshkosh by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 57,250 shares of the company’s stock valued at $7,140,000 after acquiring an additional 742 shares during the period. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on OSK. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird lowered their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Stifel Nicolaus dropped their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Evercore ISI lowered their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Oshkosh has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Performance

Shares of OSK stock opened at $102.93 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.46. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18. Oshkosh Co. has a one year low of $90.56 and a one year high of $127.98. The company’s 50-day moving average is $102.73 and its 200 day moving average is $107.53.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Sell-side analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. Oshkosh’s dividend payout ratio is presently 17.86%.

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.