Oshkosh Corporation $OSK Shares Purchased by Whittier Trust Co.

Whittier Trust Co. increased its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 69.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279 shares of the company’s stock after purchasing an additional 114 shares during the quarter. Whittier Trust Co.’s holdings in Oshkosh were worth $32,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after purchasing an additional 186 shares in the last quarter. Signaturefd LLC increased its position in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after purchasing an additional 299 shares in the last quarter. Brooklyn Investment Group increased its position in Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company’s stock worth $67,000 after purchasing an additional 370 shares in the last quarter. Farther Finance Advisors LLC increased its position in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Oshkosh by 94.6% during the 2nd quarter. IFP Advisors Inc now owns 825 shares of the company’s stock worth $94,000 after purchasing an additional 401 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OSK shares. Evercore ISI reissued an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Truist Financial increased their price objective on shares of Oshkosh from $155.00 to $171.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of Oshkosh from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. KeyCorp increased their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.08.

Oshkosh Stock Performance

Oshkosh stock opened at $139.40 on Friday. The stock has a market cap of $8.92 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $135.24 and a 200-day moving average of $117.99. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30.

Oshkosh (NYSE:OSK) last released its earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, beating the consensus estimate of $2.98 by $0.43. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh’s dividend payout ratio is 20.48%.

About Oshkosh

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.