Bank of New York Mellon Corp Decreases Stock Holdings in Oshkosh Corporation $OSK

Bank of New York Mellon Corp lessened its holdings in shares of Oshkosh Corporation (NYSE:OSK) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 629,601 shares of the company’s stock after selling 6,457 shares during the period. Bank of New York Mellon Corp’s holdings in Oshkosh were worth $92,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tower View Wealth Management LLC purchased a new stake in Oshkosh in the 1st quarter worth approximately $29,000. Torren Management LLC bought a new stake in shares of Oshkosh in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $44,000. Lodestone Wealth Management LLC purchased a new position in shares of Oshkosh during the fourth quarter valued at approximately $47,000. Finally, Basepoint Wealth LLC bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $51,000. Institutional investors own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

OSK has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a research note on Monday, May 11th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research note on Thursday, April 9th. Truist Financial raised their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Morgan Stanley cut their price objective on Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Insider Activity

In other news, Director Duncan Palmer sold 505 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Oshkosh Stock Performance

Shares of OSK stock opened at $146.48 on Wednesday. The company’s fifty day moving average price is $136.93 and its 200-day moving average price is $147.65. The stock has a market cap of $9.13 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. Oshkosh Corporation has a 12 month low of $116.77 and a 12 month high of $180.49.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. On average, equities analysts expect that Oshkosh Corporation will post 10.87 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 26th. Oshkosh’s dividend payout ratio (DPR) is presently 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.