Raymond James & Associates Grows Stock Holdings in Oshkosh Co. (NYSE:OSK)

Raymond James & Associates lifted its position in Oshkosh Co. (NYSE:OSK - Free Report) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,470 shares of the company's stock after purchasing an additional 15,358 shares during the period. Raymond James & Associates owned 0.11% of Oshkosh worth $7,856,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Oshkosh by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,179,092 shares of the company's stock valued at $434,329,000 after purchasing an additional 44,117 shares in the last quarter. BlackRock Inc. lifted its holdings in Oshkosh by 4.7% during the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company's stock worth $502,374,000 after buying an additional 272,691 shares during the period. Greenhaven Associates Inc. boosted its position in Oshkosh by 0.5% during the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company's stock valued at $267,750,000 after acquiring an additional 11,100 shares in the last quarter. State Street Corp increased its holdings in shares of Oshkosh by 2.3% in the 1st quarter. State Street Corp now owns 1,891,453 shares of the company's stock valued at $157,331,000 after acquiring an additional 43,172 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Oshkosh by 53.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,347,946 shares of the company's stock worth $116,719,000 after acquiring an additional 467,476 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK traded down $0.22 during trading on Monday, hitting $126.93. 405,047 shares of the stock traded hands, compared to its average volume of 513,116. The company has a market cap of $8.32 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.62 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $114.73 and a two-hundred day moving average price of $104.45. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $1.60 earnings per share. The company's revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that Oshkosh Co. will post 10.32 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. Oshkosh's dividend payout ratio (DPR) is currently 20.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on Oshkosh from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, December 19th. Citigroup boosted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. The Goldman Sachs Group raised their target price on shares of Oshkosh from $104.00 to $116.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. DA Davidson raised Oshkosh from a "neutral" rating to a "buy" rating and upped their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. Finally, Evercore ISI raised their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of "Moderate Buy" and a consensus price target of $117.94.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company's stock, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.

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.