Janney Montgomery Scott LLC Raises Stock Position in Oshkosh Co. (NYSE:OSK)

Janney Montgomery Scott LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,053 shares of the company's stock after purchasing an additional 2,629 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Oshkosh worth $3,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in Oshkosh by 71.8% during the second quarter. Bank of Montreal Can now owns 24,970 shares of the company's stock worth $2,702,000 after acquiring an additional 10,438 shares during the period. Marshall Wace LLP purchased a new position in shares of Oshkosh in the 2nd quarter valued at about $281,000. Sanctuary Advisors LLC acquired a new stake in shares of Oshkosh in the second quarter valued at about $1,455,000. Capital Insight Partners LLC purchased a new stake in Oshkosh during the third quarter worth about $415,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Oshkosh by 24.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,400 shares of the company's stock worth $1,442,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OSK. KeyCorp lifted 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. Citigroup decreased their target price on Oshkosh from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. UBS Group upped their target price on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. lifted their price target on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Morgan Stanley increased their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the company an "equal weight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Oshkosh has a consensus rating of "Moderate Buy" and a consensus price target of $125.00.

Oshkosh Trading Down 1.3 %

Shares of Oshkosh stock traded down $1.43 during trading hours on Tuesday, reaching $111.42. 930,323 shares of the company's stock were exchanged, compared to its average volume of 755,406. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The company has a fifty day moving average of $99.71 and a 200-day moving average of $103.00. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

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 the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts forecast that Oshkosh Co. will post 11 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.51 per share. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.83%. Oshkosh's dividend payout ratio is 17.78%.

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.