Oshkosh Co. (NYSE:OSK) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in Oshkosh Co. (NYSE:OSK) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,898 shares of the company’s stock after selling 115 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Oshkosh were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in OSK. Atlas Capital Advisors LLC raised its position in shares of Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC acquired a new position in Oshkosh in the 1st quarter worth about $31,000. Rise Advisors LLC boosted its position in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Bessemer Group Inc. grew its holdings in Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after purchasing an additional 289 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $99.90 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The business’s 50 day moving average price is $101.64 and its 200 day moving average price is $109.82. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.96 and a beta of 1.19. Oshkosh Co. has a one year low of $86.10 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, research analysts predict that Oshkosh Co. will post 11.62 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Jefferies Financial Group cut their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Evercore ISI decreased their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Raymond James began coverage on Oshkosh in a research note on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.93.

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.