Principal Financial Group Inc. Buys 27,618 Shares of Oshkosh Co. (NYSE:OSK)

Principal Financial Group Inc. raised its stake in Oshkosh Co. (NYSE:OSKGet Rating) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,255 shares of the company’s stock after acquiring an additional 27,618 shares during the period. Principal Financial Group Inc. owned approximately 0.40% of Oshkosh worth $21,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Oshkosh by 9.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,223 shares of the company’s stock valued at $224,000 after acquiring an additional 187 shares during the last quarter. Swiss National Bank increased its holdings in shares of Oshkosh by 5.8% in the 1st quarter. Swiss National Bank now owns 159,600 shares of the company’s stock worth $16,064,000 after buying an additional 8,700 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Oshkosh in the 1st quarter worth about $1,203,000. Echo Street Capital Management LLC bought a new stake in shares of Oshkosh in the 1st quarter worth about $1,370,000. Finally, Brinker Capital Investments LLC increased its holdings in shares of Oshkosh by 20.8% in the 2nd quarter. Brinker Capital Investments LLC now owns 11,439 shares of the company’s stock worth $940,000 after buying an additional 1,973 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Oshkosh Trading Up 0.8 %

NYSE:OSK opened at $92.18 on Monday. Oshkosh Co. has a one year low of $69.30 and a one year high of $125.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.08 and a current ratio of 1.81. The firm has a market cap of $6.03 billion, a P/E ratio of 67.28, a P/E/G ratio of 1.49 and a beta of 1.38. The firm has a 50-day simple moving average of $81.15 and a 200-day simple moving average of $84.06.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. Oshkosh’s dividend payout ratio is currently 108.03%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Oshkosh from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Citigroup lifted their price target on shares of Oshkosh to $95.00 in a research note on Tuesday, November 1st. Robert W. Baird dropped their price target on shares of Oshkosh from $84.00 to $83.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Credit Suisse Group lifted their price target on shares of Oshkosh from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th. Finally, KeyCorp lifted their price target on shares of Oshkosh from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $100.43.

About Oshkosh

(Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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Institutional Ownership by Quarter for Oshkosh (NYSE:OSK)

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