State Street Corp Cuts Holdings in Oshkosh Co. (NYSE:OSK)

State Street Corp lessened its position in Oshkosh Co. (NYSE:OSK - Free Report) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,035,635 shares of the company's stock after selling 7,002 shares during the period. State Street Corp owned approximately 3.13% of Oshkosh worth $203,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OSK. AE Wealth Management LLC lifted its position in Oshkosh by 7.3% in the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company's stock valued at $202,000 after purchasing an additional 127 shares during the period. KBC Group NV lifted its holdings in shares of Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company's stock valued at $167,000 after buying an additional 220 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Oshkosh by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company's stock valued at $2,447,000 after buying an additional 235 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the third quarter valued at approximately $25,000. Finally, ABLE Financial Group LLC grew its holdings in Oshkosh by 4.6% during the second quarter. ABLE Financial Group LLC now owns 5,635 shares of the company's stock worth $610,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Trading Down 1.4 %

NYSE:OSK traded down $1.46 on Friday, reaching $99.99. The stock had a trading volume of 486,378 shares, compared to its average volume of 513,327. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.01 and a beta of 1.19. 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 12-month low of $93.34 and a 12-month high of $127.98. The firm's fifty day moving average is $107.37 and its two-hundred day moving average is $105.95.

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

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Oshkosh's dividend payout ratio is presently 17.86%.

Analysts Set New Price Targets

OSK has been the topic of several research analyst reports. Evercore ISI decreased their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. UBS Group lowered their target price on shares of Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday. Truist Financial reduced their price target on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, October 9th. Robert W. Baird dropped their price objective on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of "Hold" and a consensus target price of $122.86.

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.