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

Raymond James Financial Inc. purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 89,064 shares of the company's stock, valued at approximately $8,467,000. Raymond James Financial Inc. owned about 0.14% of Oshkosh at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after buying an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $32,000. V Square Quantitative Management LLC increased its holdings 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 in the last quarter. Twin Tree Management LP purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $41,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $44,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

OSK traded up $0.06 during trading on Monday, reaching $88.84. The company's stock had a trading volume of 627,286 shares, compared to its average volume of 595,974. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $92.88 and a two-hundred day simple moving average of $99.94. Oshkosh Co. has a 1 year low of $76.82 and a 1 year high of $123.25. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. As a group, analysts anticipate that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is 19.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OSK shares. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group dropped their price target on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. KeyCorp dropped their price target on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their price target on shares of Oshkosh from $130.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial dropped their price target on shares of Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $115.00.

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.