Bank of Montreal Can Has $1.71 Million Position in Oshkosh Corporation $OSK

Bank of Montreal Can cut its stake in Oshkosh Corporation (NYSE:OSK) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,037 shares of the company’s stock after selling 1,455 shares during the quarter. Bank of Montreal Can’s holdings in Oshkosh were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. purchased a new position in Oshkosh in the first quarter valued at about $349,000. Cerity Partners LLC lifted its holdings in shares of Oshkosh by 57.4% during the 1st quarter. Cerity Partners LLC now owns 65,765 shares of the company’s stock valued at $6,187,000 after buying an additional 23,983 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Oshkosh by 1.3% in the 1st quarter. New York State Common Retirement Fund now owns 39,655 shares of the company’s stock valued at $3,731,000 after buying an additional 500 shares in the last quarter. CWM LLC increased its holdings in Oshkosh by 929.4% in the first quarter. CWM LLC now owns 29,977 shares of the company’s stock worth $2,820,000 after buying an additional 27,065 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Oshkosh during the first quarter valued at approximately $1,308,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction 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 sale, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This represents a 14.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.55% of the company’s stock.

Oshkosh Stock Down 0.8%

OSK stock opened at $124.13 on Friday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a 50-day moving average of $131.21 and a two-hundred day moving average of $122.12. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion during 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 firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh’s dividend payout ratio is currently 19.90%.

Wall Street Analyst Weigh In

Several research firms have commented on OSK. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. KeyCorp lifted their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. UBS Group raised their target price on Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Citigroup decreased their price target on Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Eleven equities 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. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $145.15.

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.