D.B. Root & Company LLC Has $393,000 Holdings in Oshkosh Co. (NYSE:OSK)

D.B. Root & Company LLC lifted its holdings in Oshkosh Co. (NYSE:OSK) by 24.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,925 shares of the company’s stock after acquiring an additional 760 shares during the period. D.B. Root & Company LLC’s holdings in Oshkosh were worth $393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of OSK. Vanguard Group Inc. grew its stake in shares of Oshkosh by 10.1% in the first quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock valued at $978,797,000 after acquiring an additional 718,122 shares in the last quarter. American Century Companies Inc. grew its stake in Oshkosh by 19.6% during the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after buying an additional 235,496 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock worth $24,073,000 after buying an additional 233,218 shares in the last quarter. M&G Plc acquired a new stake in Oshkosh during the first quarter worth about $15,102,000. Finally, Renaissance Technologies LLC acquired a new stake in Oshkosh during the second quarter worth about $11,368,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Up 9.9 %

Shares of NYSE OSK opened at $115.52 on Thursday. The company has a 50 day simple moving average of $102.80 and a 200 day simple moving average of $107.40. The firm has a market cap of $7.52 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. Oshkosh Co. has a 1 year low of $90.56 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. On average, research analysts forecast that Oshkosh Co. will post 11.38 EPS for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.59%. Oshkosh’s payout ratio is 17.86%.

Analysts Set New Price Targets

OSK has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective 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. Jefferies Financial Group reduced their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.