Oshkosh Co. (NYSE:OSK) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Oshkosh Co. (NYSE:OSK) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 683,048 shares of the company’s stock after selling 1,123 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.05% of Oshkosh worth $64,937,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Greenhaven Associates Inc. lifted its position in Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after buying an additional 15,622 shares during the last quarter. FMR LLC lifted its position in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares during the last quarter. Geode Capital Management LLC increased its stake in Oshkosh by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares during the period. Equity Investment Corp increased its stake in Oshkosh by 1.7% during the fourth quarter. Equity Investment Corp now owns 598,972 shares of the company’s stock worth $56,944,000 after purchasing an additional 10,088 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Oshkosh by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 574,759 shares of the company’s stock worth $54,642,000 after purchasing an additional 11,061 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK opened at $95.52 on Thursday. The stock has a 50 day moving average price of $100.91 and a 200 day moving average price of $102.81. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Research analysts predict that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.14%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is 19.71%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OSK. Bank of America boosted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Raymond James boosted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Truist Financial boosted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Morgan Stanley boosted their price target on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $125.92.

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.