Franklin Resources Inc. Takes Position in Oshkosh Co. (NYSE:OSK)

Franklin Resources Inc. purchased a new stake in Oshkosh Co. (NYSE:OSK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,096 shares of the company’s stock, valued at approximately $532,000.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh in the third quarter valued at about $25,000. Brooklyn Investment Group purchased a new stake in Oshkosh in the 3rd quarter valued at about $34,000. International Assets Investment Management LLC lifted its position in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in Oshkosh in the 2nd quarter valued at $111,000. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OSK. UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Robert W. Baird reduced 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. Truist Financial lifted their price target on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $123.00.

Oshkosh Stock Down 0.3 %

OSK opened at $94.10 on Tuesday. The firm has a market capitalization of $6.12 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. Oshkosh Co. has a one year low of $92.61 and a one year high of $127.98. The company has a fifty day moving average price of $105.77 and a 200-day moving average price of $104.79. 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 announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

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.