Elo Mutual Pension Insurance Co Purchases Shares of 17,943 Oshkosh Corporation $OSK

Elo Mutual Pension Insurance Co acquired a new position in shares of Oshkosh Corporation (NYSE:OSK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,943 shares of the company’s stock, valued at approximately $2,327,000.

A number of other large investors also recently modified their holdings of the stock. Bahl & Gaynor Inc. bought a new stake in Oshkosh during the third quarter worth $8,188,000. Quantbot Technologies LP purchased a new position in Oshkosh during the 3rd quarter worth $2,198,000. Erste Asset Management GmbH bought a new stake in shares of Oshkosh in the 3rd quarter worth $573,000. TIAA Trust National Association purchased a new stake in shares of Oshkosh in the third quarter valued at about $223,000. Finally, Choreo LLC bought a new position in shares of Oshkosh during the third quarter valued at about $256,000. Institutional investors own 92.36% of the company’s stock.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company’s stock.

Oshkosh Stock Down 0.7%

Shares of NYSE OSK opened at $166.78 on Thursday. 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 stock has a market capitalization of $10.43 billion, a PE ratio of 16.64, a P/E/G ratio of 0.85 and a beta of 1.37. Oshkosh Corporation has a one year low of $76.82 and a one year high of $180.49. The business’s fifty day moving average price is $155.76 and its 200-day moving average price is $139.89.

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

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were issued a $0.57 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.28 annualized dividend and a yield of 1.4%. Oshkosh’s payout ratio is 22.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OSK shares. UBS Group reaffirmed a “buy” rating and issued a $167.00 price objective on shares of Oshkosh in a research report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price target on shares of Oshkosh in a research report on Monday. Morgan Stanley dropped their price target on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 3rd. Bank of America upgraded Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein raised their target price on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $162.81.

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.