Sumitomo Mitsui Trust Group Inc. Has $1.28 Million Holdings in Oshkosh Co. (NYSE:OSK)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Oshkosh Co. (NYSE:OSK) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,791 shares of the company’s stock after selling 295 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Oshkosh were worth $1,282,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OSK. SG Americas Securities LLC bought a new stake in Oshkosh during the second quarter valued at $1,500,000. Cetera Investment Advisers lifted its stake in Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock valued at $3,418,000 after buying an additional 24,269 shares during the period. OFI Invest Asset Management bought a new position in shares of Oshkosh during the 2nd quarter worth approximately $1,545,000. M&G Plc grew its position in shares of Oshkosh by 6.5% during the 2nd quarter. M&G Plc now owns 128,646 shares of the company’s stock worth $13,894,000 after buying an additional 7,832 shares during the period. Finally, CWM LLC lifted its position in shares of Oshkosh by 36.2% during the 2nd quarter. CWM LLC now owns 5,644 shares of the company’s stock valued at $611,000 after acquiring an additional 1,500 shares during the period. 92.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Truist Financial lowered their target price 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. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh presently has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Stock Down 1.3 %

NYSE:OSK opened at $107.81 on Wednesday. Oshkosh Co. has a 1-year low of $93.34 and a 1-year high of $127.98. The company has a 50-day moving average of $104.34 and a 200 day moving average of $106.94. The firm has a market cap of $7.02 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. 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 released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, research analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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 paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.71%. Oshkosh’s payout ratio is presently 17.86%.

About Oshkosh

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.