Oshkosh Corporation $OSK Stake Boosted by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC increased its position in shares of Oshkosh Corporation (NYSE:OSK) by 20.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,444 shares of the company’s stock after purchasing an additional 1,915 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Oshkosh were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Oshkosh by 159.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 29,013 shares of the company’s stock worth $2,730,000 after acquiring an additional 17,829 shares during the period. Janney Montgomery Scott LLC lifted its position in Oshkosh by 0.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,348 shares of the company’s stock valued at $3,231,000 after purchasing an additional 295 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Oshkosh by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 21,625 shares of the company’s stock valued at $2,034,000 after purchasing an additional 205 shares during the last quarter. Covea Finance lifted its position in Oshkosh by 135.0% in the 1st quarter. Covea Finance now owns 70,500 shares of the company’s stock valued at $6,633,000 after purchasing an additional 40,500 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Oshkosh by 17.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,577 shares of the company’s stock valued at $713,000 after purchasing an additional 1,146 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the company 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. Zacks Research cut shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Ten 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. According to MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.08.

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of Oshkosh 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 transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Oshkosh Price Performance

NYSE:OSK opened at $132.07 on Friday. The business’s 50-day moving average price is $135.44 and its 200 day moving average price is $116.35. The firm has a market cap of $8.45 billion, a P/E ratio of 13.26, a PEG ratio of 1.64 and a beta of 1.47. Oshkosh Corporation has a 52-week low of $76.82 and a 52-week high of $144.30. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.Oshkosh’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.34 earnings per share. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, sell-side analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Oshkosh’s payout ratio is presently 20.48%.

Oshkosh 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.