Davis R M Inc. Sells 8,598 Shares of Oshkosh Co. (NYSE:OSK)

Davis R M Inc. lowered its position in Oshkosh Co. (NYSE:OSK) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,585 shares of the company’s stock after selling 8,598 shares during the quarter. Davis R M Inc.’s holdings in Oshkosh were worth $15,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OSK. Greenhaven Associates Inc. increased its stake in Oshkosh by 0.8% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after purchasing an additional 78,235 shares in the last quarter. American Century Companies Inc. lifted its position in Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oshkosh by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company’s stock worth $68,561,000 after buying an additional 4,974 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Oshkosh by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 631,351 shares of the company’s stock worth $68,312,000 after buying an additional 2,645 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 2.3 %

NYSE:OSK opened at $111.81 on Monday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.10 and a beta of 1.18. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $105.02 and a 200 day moving average of $106.79. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, research analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSK. Robert W. Baird dropped their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Evercore ISI cut their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.14.

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.