35,600 Shares in Oshkosh Co. (NYSE:OSK) Bought by ING Groep NV

ING Groep NV purchased a new stake in Oshkosh Co. (NYSE:OSK) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 35,600 shares of the company’s stock, valued at approximately $3,567,000.

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

Oshkosh Stock Down 2.3 %

OSK stock opened at $108.60 on Friday. The company has a market cap of $7.07 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.08 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. Oshkosh Co. has a 52 week low of $93.34 and a 52 week high of $127.98. The business has a 50-day simple moving average of $103.91 and a 200 day simple moving average of $107.05.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company 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%. Sell-side analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on OSK shares. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Evercore ISI lowered their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Stifel Nicolaus lowered their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh 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.