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

Principal Financial Group Inc. cut its position in shares of Oshkosh Co. (NYSE:OSK - Free Report) by 30.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 150,662 shares of the company's stock after selling 67,115 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Oshkosh worth $15,098,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of OSK. M&G PLC raised its position in Oshkosh by 7.0% in the third quarter. M&G PLC now owns 137,700 shares of the company's stock worth $13,770,000 after acquiring an additional 9,054 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Oshkosh by 24.0% in the 3rd quarter. D.B. Root & Company LLC now owns 3,925 shares of the company's stock worth $393,000 after purchasing an additional 760 shares in the last quarter. Greenwich Wealth Management LLC lifted its stake in Oshkosh by 0.5% during the third quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company's stock valued at $4,970,000 after purchasing an additional 253 shares during the last quarter. EMC Capital Management boosted its holdings in Oshkosh by 163.2% during the third quarter. EMC Capital Management now owns 6,030 shares of the company's stock worth $604,000 after buying an additional 3,739 shares in the last quarter. Finally, HM Payson & Co. grew its position in Oshkosh by 77.4% in the third quarter. HM Payson & Co. now owns 4,640 shares of the company's stock worth $465,000 after buying an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Analysts Set New Price Targets

OSK has been the subject of a number of recent research reports. Robert W. Baird cut 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. Evercore ISI reduced their target price on Oshkosh from $137.00 to $119.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Oshkosh currently has an average rating of "Hold" and a consensus target price of $123.14.

Oshkosh Stock Down 2.3 %

OSK traded down $2.59 during trading on Friday, reaching $108.60. 469,427 shares of the stock traded hands, compared to its average volume of 510,882. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh Co. has a fifty-two week low of $93.34 and a fifty-two week high of $127.98. The stock's 50-day simple moving average is $103.91 and its two-hundred day simple moving average is $107.09. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18.

Oshkosh (NYSE:OSK - Get Free Report) last announced 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 business 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%. As a group, equities research analysts expect that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.69%. Oshkosh's dividend 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.