Measured Wealth Private Client Group LLC Makes New $222,000 Investment in Oshkosh Co. (NYSE:OSK)

Measured Wealth Private Client Group LLC bought a new position in shares of Oshkosh Co. (NYSE:OSK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,049 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds also recently bought and sold shares of OSK. Commonwealth Equity Services LLC boosted its stake in Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock worth $2,734,000 after buying an additional 2,226 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Oshkosh by 15.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,854 shares of the company’s stock valued at $1,036,000 after purchasing an additional 1,473 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Oshkosh in the third quarter valued at approximately $32,000. Mackenzie Financial Corp boosted its stake in shares of Oshkosh by 17.7% in the third quarter. Mackenzie Financial Corp now owns 4,625 shares of the company’s stock valued at $434,000 after purchasing an additional 696 shares during the period. Finally, Strs Ohio boosted its stake in shares of Oshkosh by 5.5% in the third quarter. Strs Ohio now owns 21,091 shares of the company’s stock valued at $2,012,000 after purchasing an additional 1,105 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Stock Up 0.9 %

OSK stock traded up $1.04 during midday trading on Friday, reaching $114.40. 409,947 shares of the company were exchanged, compared to its average volume of 488,321. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. Oshkosh Co. has a 1-year low of $72.09 and a 1-year high of $127.98. The stock’s 50-day simple moving average is $118.07 and its 200 day simple moving average is $107.82. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. On average, equities analysts forecast that Oshkosh Co. will post 11.16 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.46 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. Oshkosh’s payout ratio is 17.61%.

Analyst Ratings Changes

Several research firms have recently commented on OSK. UBS Group raised their price objective on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price objective for the company from $122.00 to $130.00 in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Stifel Nicolaus raised their target price on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, StockNews.com cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

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.