Oshkosh Co. (NYSE:OSK) Increases Dividend to $0.51 Per Share

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Monday, February 17th will be given a dividend of 0.51 per share on Monday, March 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.46.

Oshkosh has increased its dividend payment by an average of 10.6% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Oshkosh has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $10.36 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 17.8%.

Oshkosh Stock Performance

NYSE:OSK opened at $116.30 on Friday. The firm has a 50-day moving average of $99.78 and a two-hundred day moving average of $103.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock has a market cap of $7.57 billion, a P/E ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. Oshkosh has a 1-year low of $89.08 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts expect that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Citigroup dropped their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. KeyCorp upped their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group decreased their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Raymond James upped their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.25.

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.