Klein Pavlis & Peasley Financial Inc. Takes $753,000 Position in Oshkosh Co. (NYSE:OSK)

Klein Pavlis & Peasley Financial Inc. 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 Securities and Exchange Commission (SEC). The institutional investor acquired 7,918 shares of the company's stock, valued at approximately $753,000.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock worth $24,073,000 after purchasing an additional 233,218 shares during the period. BNP Paribas Financial Markets raised its position in Oshkosh by 154.9% in the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after acquiring an additional 97,282 shares during the period. Edgestream Partners L.P. grew its position in shares of Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock valued at $6,817,000 after acquiring an additional 59,566 shares during the period. Holocene Advisors LP purchased a new stake in shares of Oshkosh in the 3rd quarter worth $5,375,000. Finally, Quantbot Technologies LP bought a new position in Oshkosh in the 3rd quarter worth $4,778,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

Shares of NYSE:OSK traded down $0.22 on Monday, reaching $110.21. The company's stock had a trading volume of 429,653 shares, compared to its average volume of 756,481. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The stock's 50-day moving average is $99.58 and its two-hundred day moving average is $103.03. 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 $7.17 billion, a P/E ratio of 10.65, a PEG ratio of 1.89 and a beta of 1.23.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Oshkosh Co. will post 10.95 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is presently 17.78%.

Wall Street Analysts Forecast Growth

OSK has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Raymond James increased their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Bank of America lifted their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday. Finally, Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $124.85.

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.