Livforsakringsbolaget Skandia Omsesidigt Cuts Stock Holdings in Oshkosh Co. (NYSE:OSK)

Livforsakringsbolaget Skandia Omsesidigt lowered its position in Oshkosh Co. (NYSE:OSK - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,900 shares of the company's stock after selling 2,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Oshkosh were worth $1,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OSK. Marshall Wace LLP purchased a new stake in shares of Oshkosh in the second quarter valued at $281,000. Sanctuary Advisors LLC purchased a new position in Oshkosh in the 2nd quarter worth about $1,455,000. Capital Insight Partners LLC purchased a new position in Oshkosh in the 3rd quarter worth about $415,000. McGlone Suttner Wealth Management Inc. increased its stake in Oshkosh by 19.5% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 4,229 shares of the company's stock worth $424,000 after buying an additional 690 shares during the period. Finally, Stablepoint Partners LLC increased its stake in Oshkosh by 3.9% in the 3rd quarter. Stablepoint Partners LLC now owns 20,441 shares of the company's stock worth $2,048,000 after buying an additional 772 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Stock Performance

OSK stock traded up $1.84 during trading on Tuesday, reaching $112.05. The company had a trading volume of 278,692 shares, compared to its average volume of 748,911. The firm has a 50-day simple moving average of $99.54 and a 200-day simple moving average of $103.00. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that Oshkosh Co. will post 10.95 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.82%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh's payout ratio is presently 17.78%.

Wall Street Analyst Weigh In

Several research firms recently commented on OSK. UBS Group raised their price target on shares of Oshkosh from $125.00 to $137.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. KeyCorp raised their target price 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. Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $124.85.

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.