Oshkosh Co. (OSK) To Go Ex-Dividend on February 14th

Oshkosh Co. (NYSE:OSK) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Monday, February 17th will be paid a dividend of 0.51 per share on Monday, March 3rd. This represents a $2.04 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46.

Oshkosh has raised its dividend payment by an average of 10.6% per year over the last three years and has raised its dividend every year for the last 13 years. Oshkosh has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oshkosh to earn $12.49 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 16.3%.

Oshkosh Trading Up 0.9 %

Shares of OSK stock opened at $111.17 on Wednesday. The business has a 50-day moving average price of $99.51 and a two-hundred day moving average price of $102.97. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm has a market cap of $7.23 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Equities analysts anticipate that Oshkosh will post 10.95 EPS for the current fiscal year.

Analysts Set New Price Targets

OSK has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Raymond James upped their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $124.85.

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.