Rockefeller Capital Management L.P. Invests $986,000 in Oshkosh Co. (NYSE:OSK)

Rockefeller Capital Management L.P. purchased a new stake in shares of Oshkosh Co. (NYSE:OSK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,370 shares of the company's stock, valued at approximately $986,000.

Several other large investors also recently modified their holdings of OSK. Barclays PLC boosted its holdings in shares of Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after buying an additional 32,435 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Oshkosh during the 3rd quarter valued at $504,000. Tidal Investments LLC increased its stake in shares of Oshkosh by 8.3% in the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock worth $1,086,000 after purchasing an additional 827 shares in the last quarter. Synovus Financial Corp lifted its position in Oshkosh by 10.5% during the third quarter. Synovus Financial Corp now owns 30,251 shares of the company's stock valued at $3,031,000 after purchasing an additional 2,865 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Oshkosh during the 3rd quarter valued at approximately $532,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Up 0.2 %

Shares of NYSE:OSK traded up $0.20 during trading hours on Friday, hitting $88.91. The company's stock had a trading volume of 637,126 shares, compared to its average volume of 598,586. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 1.45 and a beta of 1.26. Oshkosh Co. has a 52 week low of $76.82 and a 52 week high of $125.00. The firm's fifty day moving average price is $93.71 and its 200 day moving average price is $100.12.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating 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 expect 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 issued a $0.51 dividend. This is an increase from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh's dividend payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial decreased their price target on Oshkosh from $118.00 to $94.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price target on Oshkosh from $130.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their target price on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a report on Monday, April 7th. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $117.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $115.00.

Oshkosh 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.