Callan Family Office LLC Acquires Shares of 4,494 Oshkosh Co. (NYSE:OSK)

Callan Family Office LLC acquired a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,494 shares of the company's stock, valued at approximately $427,000.

Several other large investors also recently added to or reduced their stakes in the stock. SpiderRock Advisors LLC purchased a new stake in shares of Oshkosh in the third quarter valued at approximately $2,036,000. Atria Investments Inc raised its position in Oshkosh by 4.9% during the 3rd quarter. Atria Investments Inc now owns 16,429 shares of the company's stock valued at $1,646,000 after purchasing an additional 760 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Oshkosh by 18.4% in the 3rd quarter. Covestor Ltd now owns 6,011 shares of the company's stock worth $603,000 after buying an additional 933 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Oshkosh by 17.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,827 shares of the company's stock worth $384,000 after buying an additional 574 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock valued at $100,000 after buying an additional 262 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

NYSE:OSK traded down $0.55 during trading hours on Thursday, hitting $95.03. 719,691 shares of the company were exchanged, compared to its average volume of 732,461. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 1.45 and a beta of 1.21. The company's 50 day moving average price is $100.91 and its 200-day moving average price is $102.81.

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Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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, research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.15%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.

Analyst Upgrades and Downgrades

A number of research firms have commented on OSK. Morgan Stanley raised their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Citigroup cut their price objective on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Truist Financial upped their target price on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, UBS Group raised their price objective on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $125.92.

Oshkosh 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.