Oshkosh Corporation $OSK Position Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Oshkosh Corporation (NYSE:OSK) by 5.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,773 shares of the company’s stock after selling 1,180 shares during the period. PNC Financial Services Group Inc.’s holdings in Oshkosh were worth $2,245,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Whittier Trust Co. raised its stake in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock worth $32,000 after buying an additional 114 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Oshkosh by 215.5% during the second 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. Signaturefd LLC grew 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 acquiring an additional 299 shares during the period. Brooklyn Investment Group grew its holdings 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 acquiring an additional 370 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after acquiring an additional 106 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OSK. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Robert W. Baird lifted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Finally, KeyCorp raised their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $145.15.

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Oshkosh Stock Up 0.5%

Shares of NYSE:OSK opened at $122.19 on Wednesday. The firm has a 50 day simple moving average of $130.29 and a 200 day simple moving average of $123.36. 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 quick ratio of 0.92 and a current ratio of 1.98. The company has a market cap of $7.73 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45.

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. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the company posted $2.93 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

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

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.