Rockefeller Capital Management L.P. grew its stake in Oshkosh Corporation (NYSE:OSK – Free Report) by 40.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,639 shares of the company’s stock after purchasing an additional 4,243 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Oshkosh were worth $1,839,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Southpoint Capital Advisors LP acquired a new position in Oshkosh in the fourth quarter worth about $175,882,000. Norges Bank bought a new position in Oshkosh during the 4th quarter worth approximately $127,907,000. First Trust Advisors LP lifted its holdings in Oshkosh by 408.7% during the 4th quarter. First Trust Advisors LP now owns 1,213,804 shares of the company’s stock worth $152,490,000 after buying an additional 975,206 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Oshkosh by 908.0% in the 3rd quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock worth $118,481,000 after acquiring an additional 822,874 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Oshkosh by 143.9% in the 4th quarter. Capital Research Global Investors now owns 1,193,156 shares of the company’s stock worth $149,896,000 after acquiring an additional 704,022 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.
Insider Activity at Oshkosh
In related news, Director Duncan Palmer sold 505 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $133.86, for a total value of $67,599.30. Following the sale, the director owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company’s stock.
Oshkosh Trading Down 0.0%
Oshkosh (NYSE:OSK – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a return on equity of 13.90% and a net margin of 5.54%.The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. Oshkosh’s quarterly revenue was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Equities research analysts expect that Oshkosh Corporation will post 11.05 EPS for the current year.
Oshkosh Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is currently 25.39%.
Analysts Set New Price Targets
OSK has been the topic of several research reports. Citigroup lowered Oshkosh from a “buy” rating to a “neutral” rating and dropped their price target for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group increased their target price on shares of Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Morgan Stanley reduced their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.
Read Our Latest Stock Analysis on OSK
Oshkosh Company Profile
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.
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