Raymond James Financial Inc. Makes New $8.47 Million Investment in Oshkosh Co. (NYSE:OSK)

Raymond James Financial Inc. purchased a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 89,064 shares of the company's stock, valued at approximately $8,467,000. Raymond James Financial Inc. owned approximately 0.14% of Oshkosh at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OSK. GSA Capital Partners LLP bought a new stake in Oshkosh during the third quarter worth approximately $233,000. Quest Partners LLC raised its stake in shares of Oshkosh by 1,211.0% in the 3rd quarter. Quest Partners LLC now owns 3,933 shares of the company's stock worth $394,000 after buying an additional 3,633 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Oshkosh by 2.6% in the third quarter. Pathstone Holdings LLC now owns 31,895 shares of the company's stock valued at $3,196,000 after buying an additional 819 shares during the period. Commerce Bank boosted its stake in Oshkosh by 6.8% during the third quarter. Commerce Bank now owns 5,757 shares of the company's stock valued at $577,000 after buying an additional 369 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Oshkosh during the third quarter worth about $680,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Down 1.1 %

Shares of NYSE:OSK traded down $1.08 during trading on Wednesday, reaching $98.04. 596,872 shares of the company traded hands, compared to its average volume of 542,835. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market cap of $6.33 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm has a fifty day simple moving average of $101.70 and a 200 day simple moving average of $102.33.

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Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a report on Friday, January 31st. KeyCorp upped their target price on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group cut their price objective on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $127.00 to $117.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $124.38.

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.