Invesco Ltd. Purchases 27,659 Shares of Oshkosh Co. (NYSE:OSK)

Invesco Ltd. grew its holdings in Oshkosh Co. (NYSE:OSK - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,243,561 shares of the company's stock after acquiring an additional 27,659 shares during the period. Invesco Ltd. owned 1.91% of Oshkosh worth $118,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OSK. Vanguard Group Inc. lifted its position in Oshkosh by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% during the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after buying an additional 15,622 shares in the last quarter. American Century Companies Inc. boosted its holdings in Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after buying an additional 384,141 shares during the period. FMR LLC raised its holdings in Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after acquiring an additional 159,667 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Oshkosh by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,130,190 shares of the company's stock valued at $107,479,000 after acquiring an additional 40,260 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 0.1 %

NYSE:OSK traded down $0.06 during midday trading on Friday, hitting $84.42. 420,699 shares of the company traded hands, compared to its average volume of 593,050. The firm has a market capitalization of $5.46 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 12-month low of $76.82 and a 12-month high of $125.00. The firm's fifty day moving average is $96.10 and its 200-day moving average is $100.65. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts predict 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 paid a dividend of $0.51 per share. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.42%. Oshkosh's dividend payout ratio (DPR) is currently 19.71%.

Analyst Ratings Changes

Several analysts recently issued reports on OSK shares. Evercore ISI lifted their target price on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their target price on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday. KeyCorp cut their target price on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America boosted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, Truist Financial reduced their target price on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $114.62.

Oshkosh Company 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.