Principal Financial Group Inc. Sells 67,115 Shares of Oshkosh Co. (NYSE:OSK)

Principal Financial Group Inc. reduced its stake in shares of Oshkosh Co. (NYSE:OSK) by 30.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,662 shares of the company’s stock after selling 67,115 shares during the period. Principal Financial Group Inc. owned about 0.23% of Oshkosh worth $15,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSK. V Square Quantitative Management LLC bought a new position in shares of Oshkosh during the 3rd quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in Oshkosh in the 1st quarter worth approximately $31,000. Bessemer Group Inc. boosted its holdings in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the period. Versant Capital Management Inc boosted its holdings in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after buying an additional 612 shares during the period. Finally, Eagle Bay Advisors LLC boosted its holdings in Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after buying an additional 564 shares during the period. 92.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on OSK shares. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Evercore ISI lowered their target price 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. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lowered their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Truist Financial lowered their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Price Performance

Oshkosh stock opened at $108.60 on Friday. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.08 and a beta of 1.18. The firm’s fifty day moving average is $103.91 and its 200 day moving average is $107.09. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh Co. has a 52-week low of $93.34 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Sell-side analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

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.