Oshkosh Co. (NYSE:OSK) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC cut its holdings in Oshkosh Co. (NYSE:OSK) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,948 shares of the company’s stock after selling 1,721 shares during the period. Nicolet Advisory Services LLC’s holdings in Oshkosh were worth $4,150,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Oshkosh by 0.7% during the 3rd 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. Landscape Capital Management L.L.C. acquired a new stake in Oshkosh during the third quarter worth approximately $680,000. Commerce Bank lifted its position in shares of Oshkosh by 6.8% during the 3rd quarter. Commerce Bank now owns 5,757 shares of the company’s stock worth $577,000 after buying an additional 369 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Oshkosh by 2.6% in the 3rd quarter. Pathstone Holdings LLC now owns 31,895 shares of the company’s stock valued at $3,196,000 after buying an additional 819 shares in the last quarter. Finally, Quest Partners LLC grew its position in shares of Oshkosh by 1,211.0% in the 3rd quarter. Quest Partners LLC now owns 3,933 shares of the company’s stock valued at $394,000 after buying an additional 3,633 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

NYSE OSK opened at $111.81 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. The business has a fifty day moving average of $105.02 and a 200-day moving average of $106.93. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Analysts Set New Price Targets

Several equities analysts have issued reports on OSK shares. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Robert W. Baird cut their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Evercore ISI decreased their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Stifel Nicolaus cut their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Truist Financial decreased their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and an average price target of $123.14.

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.