D.B. Root & Company LLC Purchases 760 Shares of Oshkosh Co. (NYSE:OSK)

D.B. Root & Company LLC lifted its stake in shares of Oshkosh Co. (NYSE:OSK) by 24.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,925 shares of the company’s stock after buying an additional 760 shares during the quarter. D.B. Root & Company LLC’s holdings in Oshkosh were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of OSK. Vanguard Group Inc. grew its position in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. American Century Companies Inc. grew its position in shares of Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Oshkosh by 3,329.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares during the period. M&G Plc acquired a new stake in shares of Oshkosh during the 1st quarter worth approximately $15,102,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Oshkosh during the 2nd quarter worth approximately $11,368,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

OSK has been the subject of several recent analyst reports. Evercore ISI reduced their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Truist Financial reduced their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group reduced their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $115.52 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $102.80 and its two-hundred day simple moving average is $107.40. Oshkosh Co. has a 1-year low of $90.56 and a 1-year high of $127.98. The stock has a market cap of $7.52 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, analysts forecast that Oshkosh Co. will post 11.38 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, November 15th. Oshkosh’s payout ratio is 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.