Franklin Resources Inc. Has $421,000 Stock Position in Oshkosh Co. (NYSE:OSK)

Franklin Resources Inc. lessened its stake in Oshkosh Co. (NYSE:OSK) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,425 shares of the company’s stock after selling 671 shares during the quarter. Franklin Resources Inc.’s holdings in Oshkosh were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in Oshkosh by 16.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,562 shares of the company’s stock valued at $244,000 after acquiring an additional 371 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Oshkosh in the 4th quarter valued at $3,860,000. Norges Bank acquired a new position in shares of Oshkosh during the 4th quarter worth $72,692,000. Congress Wealth Management LLC DE boosted its stake in Oshkosh by 9.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company’s stock valued at $588,000 after buying an additional 555 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock valued at $774,035,000 after acquiring an additional 176,400 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their price target on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup cut their price objective on Oshkosh from $130.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on Oshkosh from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Finally, Truist Financial cut their price target on Oshkosh from $118.00 to $94.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Oshkosh currently has a consensus rating of “Hold” and an average target price of $114.62.

Oshkosh Stock Down 0.1 %

Shares of NYSE OSK opened at $84.42 on Friday. Oshkosh Co. has a 52-week low of $76.82 and a 52-week high of $125.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The company’s 50 day moving average price is $96.10 and its 200-day moving average price is $100.65. The company has a market capitalization of $5.46 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS 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 analysts forecast that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is currently 19.71%.

Oshkosh Profile

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.