Bahl & Gaynor Inc. Invests $8.19 Million in Oshkosh Corporation $OSK

Bahl & Gaynor Inc. purchased a new position in shares of Oshkosh Corporation (NYSE:OSK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,134 shares of the company’s stock, valued at approximately $8,188,000. Bahl & Gaynor Inc. owned about 0.10% of Oshkosh as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Oshkosh during the third quarter valued at approximately $2,198,000. Erste Asset Management GmbH purchased a new stake in shares of Oshkosh during the third quarter worth approximately $573,000. TIAA Trust National Association purchased a new stake in shares of Oshkosh during the third quarter worth approximately $223,000. Choreo LLC acquired a new position in Oshkosh in the 3rd quarter valued at $256,000. Finally, AlphaCore Capital LLC lifted its holdings in Oshkosh by 163.8% in the 3rd quarter. AlphaCore Capital LLC now owns 2,778 shares of the company’s stock valued at $360,000 after purchasing an additional 1,725 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Oshkosh Stock Performance

NYSE OSK opened at $172.36 on Tuesday. The stock has a fifty day simple moving average of $154.29 and a 200-day simple moving average of $139.49. 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 stock has a market cap of $10.78 billion, a PE ratio of 17.20, a P/E/G ratio of 0.86 and a beta of 1.37. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $180.49.

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

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. DA Davidson increased their target price on shares of Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Argus dropped their price objective on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Citigroup cut their price target on Oshkosh from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.81.

Oshkosh Company Profile

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.