Sumitomo Mitsui Trust Group Inc. Takes $263,000 Position in Oshkosh Corporation (NYSE:OSK)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in Oshkosh Corporation (NYSE:OSK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,800 shares of the company's stock, valued at approximately $263,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Oshkosh by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock worth $774,035,000 after buying an additional 176,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Oshkosh by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock worth $220,342,000 after buying an additional 206,377 shares in the last quarter. American Century Companies Inc. boosted its holdings in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after buying an additional 384,141 shares in the last quarter. FMR LLC boosted its holdings in Oshkosh by 13.0% during the fourth quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after buying an additional 159,667 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Oshkosh by 2.3% during the fourth quarter. Invesco Ltd. now owns 1,243,561 shares of the company's stock worth $118,225,000 after buying an additional 27,659 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of NYSE:OSK traded up $1.73 during midday trading on Friday, hitting $124.21. The company's stock had a trading volume of 771,015 shares, compared to its average volume of 667,518. The business's 50 day simple moving average is $103.42 and its 200 day simple moving average is $98.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77. The company has a market cap of $8.00 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.43. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $124.67.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 earnings per share. On average, analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is presently 21.79%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OSK shares. Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. Robert W. Baird increased their price target on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. DA Davidson lowered their price target on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. UBS Group increased their price objective on shares of Oshkosh from $99.00 to $119.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Morgan Stanley decreased their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.14.

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.