Oshkosh Corporation (NYSE:OSK) Shares Set to Pay Quarterly Dividend of $0.57

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 16th will be paid a dividend of $0.57 per share on Monday, November 30th. This represents a $2.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, November 16th.

Oshkosh has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Oshkosh has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $13.65 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 16.7%.

Oshkosh Trading Down 2.3%

NYSE:OSK opened at $134.76 on Friday. The stock has a fifty day moving average price of $140.09 and a two-hundred day moving average price of $146.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.05 and a beta of 1.26. Oshkosh has a 1 year low of $116.77 and a 1 year high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing the consensus estimate of $3.06 by ($0.65). Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $3.20 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Insider Activity at Oshkosh

In related news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the sale, the director owned 150,669 shares in the company, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balance Wealth Partners LLC acquired a new stake in shares of Oshkosh in the third quarter worth $26,000. Fiduciary Financial Advisors acquired a new position in shares of Oshkosh during the 2nd quarter valued at $38,000. GK Wealth Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter valued at $47,000. Whittier Trust Co. lifted its holdings in shares of Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock valued at $55,000 after acquiring an additional 94 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Oshkosh by 38.2% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $69,000 after purchasing an additional 124 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.