Callan Capital LLC Sells 395 Shares of Oshkosh Co. (NYSE:OSK)

Callan Capital LLC cut its stake in Oshkosh Co. (NYSE:OSK) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,129 shares of the company’s stock after selling 395 shares during the quarter. Callan Capital LLC’s holdings in Oshkosh were worth $297,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Parcion Private Wealth LLC grew its stake in shares of Oshkosh by 2.8% in the fourth quarter. Parcion Private Wealth LLC now owns 40,642 shares of the company’s stock valued at $3,864,000 after acquiring an additional 1,102 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Oshkosh by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company’s stock valued at $373,000 after acquiring an additional 152 shares in the last quarter. Good Life Advisors LLC grew its stake in shares of Oshkosh by 16.4% in the fourth quarter. Good Life Advisors LLC now owns 12,139 shares of the company’s stock valued at $1,154,000 after acquiring an additional 1,706 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Oshkosh in the fourth quarter valued at about $44,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Oshkosh by 24.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $119,000 after acquiring an additional 249 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OSK shares. Truist Financial upped their price target 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. Robert W. Baird decreased their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. KeyCorp increased their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Bank of America increased their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.23.

Oshkosh Trading Down 6.5 %

OSK opened at $103.18 on Friday. The company’s 50 day moving average is $99.95 and its 200-day moving average is $103.10. 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 $6.71 billion, a P/E ratio of 9.97, a PEG ratio of 1.45 and a beta of 1.23.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) 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.