Geode Capital Management LLC Has $109.25 Million Position in Oshkosh Co. (NYSE:OSK)

Geode Capital Management LLC raised its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,089,930 shares of the company's stock after purchasing an additional 10,357 shares during the period. Geode Capital Management LLC owned 1.68% of Oshkosh worth $109,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Oshkosh by 5.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,104 shares of the company's stock valued at $1,201,000 after purchasing an additional 532 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Oshkosh by 8.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,086 shares of the company's stock valued at $1,416,000 after buying an additional 1,000 shares during the period. Raymond James & Associates raised its position in shares of Oshkosh by 3.8% during the 2nd quarter. Raymond James & Associates now owns 75,732 shares of the company's stock worth $8,194,000 after buying an additional 2,800 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Oshkosh by 45.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,756 shares of the company's stock valued at $298,000 after acquiring an additional 862 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Oshkosh during the second quarter valued at approximately $218,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSK shares. Truist Financial upped their target price on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. UBS Group dropped their price target on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $123.00.

Oshkosh Trading Down 1.1 %

Shares of OSK stock traded down $1.08 during trading hours on Thursday, reaching $94.19. 916,863 shares of the stock traded hands, compared to its average volume of 518,135. The business has a fifty day moving average price of $107.18 and a 200 day moving average price of $105.59. Oshkosh Co. has a 1-year low of $93.34 and a 1-year 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 $6.13 billion, a PE ratio of 9.14, a PEG ratio of 0.98 and a beta of 1.19.

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

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.95%. Oshkosh's payout ratio is presently 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.