Bank of New York Mellon Corp Grows Position in Oshkosh Corporation $OSK

Bank of New York Mellon Corp lifted its stake in Oshkosh Corporation (NYSE:OSK) by 18.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 636,058 shares of the company’s stock after buying an additional 97,618 shares during the quarter. Bank of New York Mellon Corp’s holdings in Oshkosh were worth $79,908,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc increased its position in Oshkosh by 11.7% in the fourth quarter. IFP Advisors Inc now owns 838 shares of the company’s stock worth $105,000 after purchasing an additional 88 shares during the last quarter. HB Wealth Management LLC increased its position in Oshkosh by 4.1% in the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock worth $314,000 after purchasing an additional 98 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after purchasing an additional 100 shares during the last quarter. New Wave Wealth Advisors LLC increased its position in Oshkosh by 5.8% in the fourth quarter. New Wave Wealth Advisors LLC now owns 1,924 shares of the company’s stock worth $242,000 after purchasing an additional 106 shares during the last quarter. Finally, Burns Matteson Capital Management LLC increased its position in Oshkosh by 3.6% in the fourth quarter. Burns Matteson Capital Management LLC now owns 3,779 shares of the company’s stock worth $475,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OSK shares. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research report on Thursday, April 9th. Robert W. Baird reduced their price target on shares of Oshkosh from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Evercore restated an “outperform” rating and issued a $181.00 price target on shares of Oshkosh in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $165.38.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the sale, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.

Oshkosh Stock Up 0.6%

Shares of OSK opened at $131.26 on Tuesday. The firm has a market capitalization of $8.18 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.64 and a beta of 1.26. Oshkosh Corporation has a 12-month low of $106.37 and a 12-month high of $180.49. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $140.32 and a 200-day moving average price of $144.48.

Oshkosh (NYSE:OSK) last issued its earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts expect that Oshkosh Corporation will post 11 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 26th. Oshkosh’s payout ratio is currently 25.39%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.