Federated Hermes Inc. Has $1.07 Million Holdings in Oshkosh Corporation $OSK

Federated Hermes Inc. boosted its holdings in Oshkosh Corporation (NYSE:OSK) by 71.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,224 shares of the company’s stock after purchasing an additional 3,420 shares during the quarter. Federated Hermes Inc.’s holdings in Oshkosh were worth $1,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OSK. Goldman Sachs Group Inc. raised its position in shares of Oshkosh by 43.4% in the first quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company’s stock valued at $21,180,000 after buying an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Oshkosh by 8.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company’s stock valued at $17,705,000 after acquiring an additional 14,122 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Oshkosh during the 1st quarter valued at $567,000. Sivia Capital Partners LLC acquired a new stake in shares of Oshkosh during the 2nd quarter worth $325,000. Finally, QRG Capital Management Inc. bought a new position in shares of Oshkosh in the second quarter worth $242,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OSK shares. Wells Fargo & Company upped their price objective on shares of Oshkosh from $144.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. DA Davidson boosted their price objective on shares of Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial set a $183.00 target price on Oshkosh in a research note on Friday, January 30th. Finally, Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Performance

Shares of OSK stock opened at $163.32 on Friday. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 0.85 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $139.60 and its 200-day moving average price is $134.63. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $169.62.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. Oshkosh’s dividend payout ratio (DPR) is currently 20.36%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.