Bank of New York Mellon Corp Has $61.85 Million Holdings in Oshkosh Corporation $OSK

Bank of New York Mellon Corp decreased its position in shares of Oshkosh Corporation (NYSE:OSK) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 544,743 shares of the company’s stock after selling 22,213 shares during the period. Bank of New York Mellon Corp’s holdings in Oshkosh were worth $61,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of OSK. AQR Capital Management LLC increased its holdings in Oshkosh by 267.3% during the 1st quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company’s stock valued at $126,224,000 after purchasing an additional 992,313 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Oshkosh during the first quarter worth $54,860,000. Pzena Investment Management LLC bought a new stake in shares of Oshkosh during the second quarter worth $59,709,000. Dimensional Fund Advisors LP increased its stake in shares of Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock valued at $251,417,000 after buying an additional 354,714 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Oshkosh by 14.7% in the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company’s stock valued at $219,101,000 after buying an additional 298,470 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK stock opened at $121.29 on Monday. The stock has a market cap of $7.67 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The stock has a 50-day moving average of $132.35 and a 200-day moving average of $121.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.92. Oshkosh Corporation has a one year low of $76.82 and a one year 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, beating analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. Oshkosh’s dividend payout ratio is currently 19.90%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the firm’s 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 sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OSK shares. Truist Financial decreased their price objective on shares of Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of Oshkosh from $164.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson set a $160.00 price objective on Oshkosh and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, KeyCorp increased their price objective on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.25.

Oshkosh Company 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.