Trust Point Inc. Has $473,000 Holdings in Oshkosh Co. (NYSE:OSK)

Trust Point Inc. grew its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 114.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,972 shares of the company's stock after purchasing an additional 2,650 shares during the quarter. Trust Point Inc.'s holdings in Oshkosh were worth $473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Oshkosh during the 3rd quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in 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. Brooklyn Investment Group bought a new position in Oshkosh in the third quarter valued at $34,000. International Assets Investment Management LLC increased its stake in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after buying an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock worth $100,000 after buying an additional 262 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OSK. Truist Financial lifted their target price on Oshkosh from $109.00 to $118.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. UBS Group increased their price objective on Oshkosh from $125.00 to $137.00 and gave the company a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Oshkosh presently has an average rating of "Moderate Buy" and an average price target of $125.00.

Oshkosh Stock Performance

OSK stock traded down $1.12 during mid-day trading on Friday, hitting $110.44. 735,969 shares of the company were exchanged, compared to its average volume of 782,344. The business has a 50 day simple moving average of $99.58 and a 200-day simple moving average of $103.06. The stock has a market capitalization of $7.19 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 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 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%. On average, equities analysts forecast that Oshkosh Co. will post 10.95 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared 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 17.78%.

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.