Oshkosh Co. (NYSE:OSK) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its stake in shares of Oshkosh Co. (NYSE:OSK) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,470 shares of the company’s stock after buying an additional 15,358 shares during the period. Raymond James & Associates owned approximately 0.11% of Oshkosh worth $7,856,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OSK. Money Concepts Capital Corp boosted its position in shares of Oshkosh by 1,359.1% during the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 299 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of Oshkosh during the 3rd quarter valued at about $32,000. Belpointe Asset Management LLC boosted its position in shares of Oshkosh by 108.5% during the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock valued at $43,000 after purchasing an additional 267 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of Oshkosh during the 2nd quarter valued at about $48,000. Finally, Lazard Asset Management LLC bought a new position in shares of Oshkosh during the 3rd quarter valued at about $80,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial assumed coverage on shares of Oshkosh in a research report on Thursday, March 14th. They set a “hold” rating and a $121.00 price objective for the company. Citigroup raised their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus raised their target price on shares of Oshkosh from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $117.94.

Oshkosh Price Performance

NYSE OSK opened at $127.15 on Monday. The company has a 50 day simple moving average of $114.73 and a 200-day simple moving average of $104.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.32. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 earnings per share. Equities research analysts predict that Oshkosh Co. will post 10.32 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% 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.