Wells Fargo & Company MN Has $6.55 Million Stake in Oshkosh Co. (NYSE:OSK)

Wells Fargo & Company MN grew its stake in Oshkosh Co. (NYSE:OSK) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,868 shares of the company’s stock after acquiring an additional 7,960 shares during the quarter. Wells Fargo & Company MN owned 0.11% of Oshkosh worth $6,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OSK. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh in the fourth quarter worth about $32,000. Proficio Capital Partners LLC acquired a new stake in shares of Oshkosh during the fourth quarter worth about $34,000. V Square Quantitative Management LLC grew its position in shares of Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 157 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Oshkosh during the 4th quarter worth approximately $41,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 0.1 %

Shares of OSK opened at $84.42 on Friday. The firm has a market cap of $5.46 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00. The firm’s 50-day simple moving average is $95.56 and its 200 day simple moving average is $100.55.

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

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is currently 19.71%.

Wall Street Analyst Weigh In

OSK has been the subject of several research reports. Raymond James increased their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Oshkosh from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. UBS Group cut their price objective on shares of Oshkosh from $137.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, April 7th. Finally, The Goldman Sachs Group cut their price target on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $114.62.

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.