Oshkosh Corporation $OSK Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of Oshkosh Corporation (NYSE:OSK) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,773 shares of the company’s stock after selling 1,180 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Oshkosh were worth $2,245,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. ProShare Advisors LLC grew its holdings in Oshkosh by 3.1% in the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock valued at $324,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC raised its stake in Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares during the period. Whittier Trust Co. boosted its holdings in shares of Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. US Bancorp DE grew its stake in shares of Oshkosh by 6.3% during the 1st quarter. US Bancorp DE now owns 3,202 shares of the company’s stock valued at $301,000 after buying an additional 190 shares during the period. Finally, Hancock Whitney Corp grew its stake in shares of Oshkosh by 6.7% during the 1st quarter. Hancock Whitney Corp now owns 3,164 shares of the company’s stock valued at $298,000 after buying an additional 200 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OSK. Wells Fargo & Company assumed coverage on Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a report on Wednesday, October 8th. Finally, Truist Financial decreased their target price on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $145.15.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $122.19 on Wednesday. The firm’s 50 day moving average is $130.29 and its two-hundred day moving average is $123.36. The firm has a market capitalization of $7.73 billion, a P/E ratio of 11.92, a PEG ratio of 1.57 and a beta of 1.45. The company has a current ratio of 1.98, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. Oshkosh Corporation has a 52 week low of $76.82 and a 52 week high of $144.30.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts anticipate that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is 19.90%.

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

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.