Principal Financial Group Inc. Sells 67,115 Shares of Oshkosh Co. (NYSE:OSK)

Principal Financial Group Inc. trimmed its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 30.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,662 shares of the company's stock after selling 67,115 shares during the period. Principal Financial Group Inc. owned about 0.23% of Oshkosh worth $15,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Oshkosh in the 3rd quarter valued at $504,000. Y Intercept Hong Kong Ltd grew its holdings in Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company's stock worth $2,023,000 after acquiring an additional 7,334 shares during the last quarter. Barclays PLC increased its position in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after acquiring an additional 32,435 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company's stock worth $14,144,000 after acquiring an additional 4,680 shares during the last quarter. Finally, Equity Investment Corp lifted its position in shares of Oshkosh by 1.5% during the third quarter. Equity Investment Corp now owns 588,884 shares of the company's stock worth $59,012,000 after purchasing an additional 8,611 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

OSK has been the subject of several research analyst reports. UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Truist Financial boosted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their target price 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 issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $123.00.

Oshkosh Trading Down 1.0 %

OSK stock traded down $0.94 during midday trading on Friday, hitting $94.35. 359,211 shares of the company's stock were exchanged, compared to its average volume of 517,972. The company has a market cap of $6.14 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock's fifty day moving average price is $105.77 and its 200-day moving average price is $104.81. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98.

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

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.95%. Oshkosh's payout ratio is currently 17.86%.

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.