Venturi Wealth Management LLC Purchases 262 Shares of Oshkosh Co. (NYSE:OSK)

Venturi Wealth Management LLC grew its holdings in Oshkosh Co. (NYSE:OSK) by 35.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,001 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Venturi Wealth Management LLC’s holdings in Oshkosh were worth $100,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. AE Wealth Management LLC lifted its holdings in Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock valued at $202,000 after buying an additional 127 shares during the period. US Bancorp DE lifted its stake in shares of Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after purchasing an additional 132 shares during the period. GAMMA Investing LLC grew its stake in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its holdings in Oshkosh by 4.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock valued at $528,000 after purchasing an additional 220 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Oshkosh by 1.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OSK shares. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Stifel Nicolaus lowered their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial decreased their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI dropped their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Oshkosh presently has a consensus rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Up 1.2 %

NYSE:OSK opened at $111.72 on Friday. The stock has a 50-day simple moving average of $103.68 and a 200 day simple moving average of $107.15. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98. The company has a market cap of $7.27 billion, a PE ratio of 10.85, a PEG ratio of 1.09 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

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

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.65%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.