Clark Estates Inc. NY Acquires New Position in Oshkosh Co. (NYSE:OSK)

Clark Estates Inc. NY bought a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,800 shares of the company's stock, valued at approximately $2,548,000.

Several other institutional investors have also recently made changes to their positions in OSK. Blue Trust Inc. raised its holdings in shares of Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Oshkosh during the fourth quarter worth $32,000. Brooklyn Investment Group purchased a new position in shares of Oshkosh during the third quarter worth $34,000. Proficio Capital Partners LLC purchased a new position in shares of Oshkosh during the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of 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 purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on OSK shares. Bank of America raised their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Citigroup dropped their price target on shares of Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $115.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Finally, KeyCorp raised their price target on shares of Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $125.92.

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Oshkosh Price Performance

Shares of NYSE OSK traded up $0.89 during trading on Friday, hitting $98.43. The company had a trading volume of 623,777 shares, compared to its average volume of 737,277. The stock has a fifty day simple moving average of $100.73 and a two-hundred day simple moving average of $103.02. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. 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 (NYSE:OSK - Get Free Report) last posted its quarterly 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%. On average, research analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh's payout ratio is 19.71%.

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.