Skylands Capital LLC Buys 4,060 Shares of Oshkosh Co. (NYSE:OSK)

Skylands Capital LLC grew its stake in shares of Oshkosh Co. (NYSE:OSK) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,735 shares of the company’s stock after purchasing an additional 4,060 shares during the quarter. Oshkosh accounts for 2.2% of Skylands Capital LLC’s investment portfolio, making the stock its 10th biggest position. Skylands Capital LLC owned 0.25% of Oshkosh worth $15,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after acquiring an additional 15,622 shares in the last quarter. FMR LLC lifted its stake in shares of Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after acquiring an additional 39,235 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $109,250,000 after acquiring an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $68,561,000 after acquiring an additional 4,974 shares in the last quarter. Finally, Equity Investment Corp lifted its stake in shares of Oshkosh by 1.5% in the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after acquiring an additional 8,611 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. UBS Group boosted their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average price target of $126.23.

Oshkosh Stock Performance

OSK opened at $103.18 on Monday. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The business has a 50 day moving average price of $99.95 and a two-hundred day moving average price of $103.13.

Oshkosh (NYSE:OSK) last released 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%. Research analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.98%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio is 19.71%.

About Oshkosh

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.