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

Trust Point Inc. boosted its stake in shares of Oshkosh Co. (NYSE:OSK) by 114.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,972 shares of the company’s stock after buying an additional 2,650 shares during the period. Trust Point Inc.’s holdings in Oshkosh were worth $473,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Greenhaven Associates Inc. raised its holdings in Oshkosh by 0.6% during the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after buying an additional 15,622 shares during the period. FMR LLC raised its holdings in shares of Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Oshkosh by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock valued at $68,561,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Equity Investment Corp raised 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 purchasing an additional 8,611 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OSK. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Citigroup decreased their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley raised their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial raised their target price 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 raised their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $125.00.

Oshkosh Stock Down 0.7 %

OSK opened at $110.67 on Thursday. Oshkosh Co. has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company has a market capitalization of $7.20 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.97 and a beta of 1.22. The stock has a fifty day moving average of $99.67 and a 200-day moving average of $103.06.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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 expect that Oshkosh Co. will post 11 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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%. The ex-dividend date is Friday, February 14th. This is an increase 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.