Davis R M Inc. Cuts Position in Oshkosh Corporation $OSK

Davis R M Inc. decreased its stake in Oshkosh Corporation (NYSE:OSK) by 44.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,289 shares of the company’s stock after selling 23,616 shares during the period. Davis R M Inc.’s holdings in Oshkosh were worth $3,325,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after buying an additional 114 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Oshkosh by 215.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock worth $46,000 after acquiring an additional 278 shares during the period. Farther Finance Advisors LLC increased its stake in Oshkosh by 21.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after purchasing an additional 106 shares in the last quarter. Signaturefd LLC raised its holdings in Oshkosh by 88.7% during the first quarter. Signaturefd LLC now owns 636 shares of the company’s stock worth $60,000 after purchasing an additional 299 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Oshkosh by 107.6% during the first 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. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OSK shares. Zacks Research cut Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Evercore ISI restated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday. KeyCorp increased their price target 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 reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $145.25.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm’s 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 sale, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.55% of the company’s stock.

Oshkosh Stock Down 3.5%

OSK stock opened at $121.29 on Monday. The company has a 50 day moving average price of $132.35 and a two-hundred day moving average price of $121.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.98. The stock has a market capitalization of $7.67 billion, a P/E ratio of 11.83, a PEG ratio of 1.57 and a beta of 1.45. Oshkosh Corporation has a one year low of $76.82 and a one year high of $144.30.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.7%. Oshkosh’s payout ratio is 19.90%.

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.