Bank of New York Mellon Corp Acquires 11,061 Shares of Oshkosh Co. (NYSE:OSK)

Bank of New York Mellon Corp raised its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 574,759 shares of the company's stock after purchasing an additional 11,061 shares during the quarter. Bank of New York Mellon Corp owned 0.88% of Oshkosh worth $54,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Skylands Capital LLC increased its holdings in Oshkosh by 2.5% in the fourth quarter. Skylands Capital LLC now owns 164,735 shares of the company's stock valued at $15,661,000 after buying an additional 4,060 shares in the last quarter. Rothschild Investment LLC increased its stake in Oshkosh by 18.2% in the 4th quarter. Rothschild Investment LLC now owns 2,364 shares of the company's stock valued at $225,000 after purchasing an additional 364 shares in the last quarter. Parcion Private Wealth LLC raised its holdings in Oshkosh by 2.8% during the fourth quarter. Parcion Private Wealth LLC now owns 40,642 shares of the company's stock worth $3,864,000 after purchasing an additional 1,102 shares during the last quarter. Private Advisor Group LLC boosted its position in Oshkosh by 4.0% during the fourth quarter. Private Advisor Group LLC now owns 3,923 shares of the company's stock worth $373,000 after purchasing an additional 152 shares in the last quarter. Finally, Good Life Advisors LLC grew its holdings in Oshkosh by 16.4% in the fourth quarter. Good Life Advisors LLC now owns 12,139 shares of the company's stock valued at $1,154,000 after purchasing an additional 1,706 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

OSK has been the subject of a number of analyst reports. Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. KeyCorp boosted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Bank of America raised their target price on Oshkosh from $95.00 to $110.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Finally, Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $125.92.

Oshkosh Price Performance

NYSE:OSK traded up $2.51 on Thursday, reaching $98.55. The stock had a trading volume of 536,050 shares, compared to its average volume of 726,701. The company has a market capitalization of $6.36 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 1-year low of $89.08 and a 1-year high of $127.98. The stock has a fifty day moving average price of $100.66 and a 200-day moving average price of $103.11.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Research analysts forecast that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Oshkosh's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio (DPR) is presently 19.71%.

Oshkosh Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.