Raymond James Financial Inc. Invests $8.47 Million in Oshkosh Co. (NYSE:OSK)

Raymond James Financial Inc. acquired a new position in Oshkosh Co. (NYSE:OSK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 89,064 shares of the company’s stock, valued at approximately $8,467,000.

Several other hedge funds and other institutional investors have also modified their holdings of OSK. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in Oshkosh during the fourth quarter worth $32,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the third quarter worth $34,000. Proficio Capital Partners LLC acquired a new stake in Oshkosh during the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC boosted its stake in Oshkosh by 64.1% during the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

OSK has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Evercore ISI lifted their price objective on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, UBS Group lifted their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Performance

Oshkosh stock opened at $95.75 on Friday. The stock has a 50-day simple moving average of $101.44 and a 200 day simple moving average of $102.31. 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. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.51 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, February 14th. Oshkosh’s payout ratio is currently 19.71%.

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.