Bank of New York Mellon Corp Trims Stake in Oshkosh Corporation $OSK

Bank of New York Mellon Corp lowered its position in Oshkosh Corporation (NYSE:OSK) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 629,601 shares of the company’s stock after selling 6,457 shares during the quarter. Bank of New York Mellon Corp owned about 1.00% of Oshkosh worth $92,684,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OSK. Tower View Wealth Management LLC purchased a new stake in shares of Oshkosh in the 1st quarter valued at about $29,000. Torren Management LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in shares of Oshkosh in the fourth quarter worth approximately $44,000. Lodestone Wealth Management LLC purchased a new stake in Oshkosh in the fourth quarter valued at approximately $47,000. Finally, Basepoint Wealth LLC purchased a new stake in Oshkosh in the fourth quarter valued at approximately $51,000. Institutional investors own 92.36% of the company’s stock.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of Oshkosh stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $146.48 on Wednesday. Oshkosh Corporation has a 52-week low of $116.77 and a 52-week high of $180.49. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a fifty day moving average of $136.93 and a 200-day moving average of $147.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63.

Oshkosh (NYSE:OSK) last issued its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.Oshkosh’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 EPS. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.87 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.

Analyst Ratings Changes

A number of research firms have commented on OSK. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $170.00 in a research note on Monday, April 13th. Evercore reaffirmed an “outperform” rating and set a $181.00 price objective on shares of Oshkosh in a report on Monday, May 11th. Truist Financial upped their target price on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Robert W. Baird reduced their target price on Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Morgan Stanley lowered their price target on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.60.

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.