Oshkosh Co. (NYSE:OSK) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Oshkosh Co. (NYSE:OSK) by 0.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 631,351 shares of the company’s stock after purchasing an additional 2,645 shares during the period. Bank of New York Mellon Corp’s holdings in Oshkosh were worth $68,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlas Capital Advisors LLC grew its stake in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Headlands Technologies LLC acquired a new position in Oshkosh during the 1st quarter worth $31,000. Rise Advisors LLC grew its stake in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. GAMMA Investing LLC acquired a new position in Oshkosh during the 4th quarter worth $42,000. Finally, Bessemer Group Inc. boosted its position in shares of Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Up 0.6 %

OSK opened at $106.72 on Friday. The business has a 50 day moving average price of $105.96 and a two-hundred day moving average price of $112.18. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.98 billion, a PE ratio of 10.21, a P/E/G ratio of 0.98 and a beta of 1.22. Oshkosh Co. has a 52 week low of $86.10 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.69 EPS. As a group, research analysts anticipate that Oshkosh Co. will post 11.67 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, August 16th. Oshkosh’s dividend payout ratio is presently 17.61%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OSK. Robert W. Baird upped their price objective on Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Evercore ISI lowered their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Citigroup began coverage on Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective for the company. Stifel Nicolaus lowered their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Raymond James began coverage on Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.07.

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.