Davis R M Inc. Sells 8,598 Shares of Oshkosh Co. (NYSE:OSK)

Davis R M Inc. lowered its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,585 shares of the company's stock after selling 8,598 shares during the quarter. Davis R M Inc. owned about 0.23% of Oshkosh worth $15,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSK. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh during the third quarter valued at about $25,000. Bessemer Group Inc. increased its holdings in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company's stock worth $49,000 after purchasing an additional 289 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company's stock worth $67,000 after purchasing an additional 612 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock valued at $72,000 after purchasing an additional 564 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company's stock valued at $79,000 after purchasing an additional 152 shares in the last quarter. 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. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Evercore ISI cut their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Stifel Nicolaus decreased their price objective on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Finally, Truist Financial dropped their target price on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $123.14.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $111.81 on Monday. The company has a 50-day moving average price of $105.02 and a two-hundred day moving average price of $106.79. Oshkosh Co. has a twelve month low of $93.34 and a twelve month high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $7.28 billion, a PE ratio of 10.86, a P/E/G ratio of 1.10 and a beta of 1.18.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts forecast that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.65%. Oshkosh's dividend payout ratio is currently 17.86%.

About Oshkosh

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.

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