Parcion Private Wealth LLC Buys 1,102 Shares of Oshkosh Co. (NYSE:OSK)

Parcion Private Wealth LLC grew its holdings in shares of Oshkosh Co. (NYSE:OSK) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,642 shares of the company’s stock after buying an additional 1,102 shares during the quarter. Parcion Private Wealth LLC owned approximately 0.06% of Oshkosh worth $3,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Oshkosh during the 4th quarter worth about $32,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh during the 3rd quarter worth about $34,000. V Square Quantitative Management LLC increased its stake in shares of Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 157 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Oshkosh during the 4th quarter worth about $44,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $109.82 on Thursday. The company has a 50 day moving average of $99.71 and a 200-day moving average of $102.99. 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. The company has a market cap of $7.15 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

Oshkosh (NYSE:OSK) last issued 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, equities research analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.86%. Oshkosh’s dividend payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

OSK has been the topic of several recent analyst reports. UBS Group boosted their price objective 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. Morgan Stanley upped their price target on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America upped their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.23.

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.