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

Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Oshkosh Co. (NYSE:OSK) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,918 shares of the company’s stock, valued at approximately $753,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. raised its stake in shares of Oshkosh by 0.6% during the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after purchasing an additional 15,622 shares during the last quarter. FMR LLC increased its stake in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares during the period. Geode Capital Management LLC raised its position in Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after buying an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Oshkosh by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after acquiring an additional 4,974 shares during the period. Finally, Equity Investment Corp boosted its holdings in shares of Oshkosh by 1.5% in the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock valued at $59,012,000 after acquiring an additional 8,611 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Down 0.7 %

Shares of OSK stock opened at $110.67 on Thursday. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.97 and a beta of 1.22. The firm has a 50-day moving average price of $99.67 and a 200 day moving average price of $103.06. 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) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Research analysts forecast that Oshkosh Co. will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

Analyst Ratings Changes

OSK has been the topic of several recent analyst reports. UBS Group boosted their target price on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup cut their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Raymond James upped their price target 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. Truist Financial raised their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Finally, KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.00.

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.