764,615 Shares in Oshkosh Co. (NYSE:OSK) Acquired by Norges Bank

Norges Bank acquired a new position in shares of Oshkosh Co. (NYSE:OSK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 764,615 shares of the company's stock, valued at approximately $72,692,000. Norges Bank owned approximately 1.18% of Oshkosh at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of OSK. Congress Wealth Management LLC DE grew its stake in Oshkosh by 9.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company's stock worth $588,000 after purchasing an additional 555 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after buying an additional 176,400 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Oshkosh in the 4th quarter worth approximately $1,274,000. Sei Investments Co. increased its holdings in shares of Oshkosh by 7.1% in the 4th quarter. Sei Investments Co. now owns 528,940 shares of the company's stock valued at $50,289,000 after acquiring an additional 35,072 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock valued at $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Raymond James boosted their target price on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Evercore ISI boosted 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. Bank of America raised their target price on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. KeyCorp upped their target price on Oshkosh from $113.00 to $132.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their price target on Oshkosh from $127.00 to $117.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $124.38.

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Oshkosh Price Performance

OSK stock traded down $3.89 during trading on Friday, hitting $82.70. The company had a trading volume of 946,593 shares, compared to its average volume of 576,752. The business has a 50 day moving average of $101.22 and a 200 day moving average of $101.95. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.45 and a beta of 1.26. 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 Co. has a fifty-two week low of $78.74 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share 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%. As a group, research analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is currently 19.71%.

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.