Davis R M Inc. Has $2.71 Million Stock Position in Oshkosh Corporation $OSK

Davis R M Inc. cut its position in Oshkosh Corporation (NYSE:OSK) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,876 shares of the company’s stock after selling 8,413 shares during the quarter. Davis R M Inc.’s holdings in Oshkosh were worth $2,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Oshkosh in the second quarter valued at about $98,570,000. American Century Companies Inc. boosted its stake in Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. AQR Capital Management LLC boosted its stake in Oshkosh by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. Allianz Asset Management GmbH increased its position in Oshkosh by 1,245.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 217,365 shares of the company’s stock worth $28,192,000 after buying an additional 201,209 shares during the period. Finally, Amundi lifted its holdings in shares of Oshkosh by 616.7% during the second quarter. Amundi now owns 224,765 shares of the company’s stock worth $27,529,000 after buying an additional 193,406 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OSK shares. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target on the stock in a research report on Tuesday, February 3rd. Zacks Research cut shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Morgan Stanley decreased their target price on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $169.69 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The business’s fifty day moving average price is $153.46 and its two-hundred day moving average price is $139.26. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $180.49. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.37.

Oshkosh (NYSE:OSK) last issued 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 net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts predict that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company 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 dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is 22.75%.

Oshkosh 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.