Bank of New York Mellon Corp Has $53.34 Million Stake in Oshkosh Corporation (NYSE:OSK)

Bank of New York Mellon Corp lowered its stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 566,956 shares of the company's stock after selling 7,803 shares during the period. Bank of New York Mellon Corp owned approximately 0.88% of Oshkosh worth $53,339,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OSK. Parallel Advisors LLC boosted its stake in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the last quarter. CX Institutional acquired a new position in Oshkosh during the 1st quarter valued at about $28,000. Coppell Advisory Solutions LLC boosted its stake in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Oshkosh during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on OSK. JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. DA Davidson reduced their target price on Oshkosh from $120.00 to $111.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Citigroup reaffirmed a "buy" rating and issued a $130.00 target price (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. Finally, Robert W. Baird upped their target price on Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $126.85.

Oshkosh Price Performance

Oshkosh stock opened at $125.97 on Friday. Oshkosh Corporation has a 12 month low of $76.82 and a 12 month high of $129.02. The company has a current ratio of 1.77, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The business's 50 day simple moving average is $107.26 and its 200 day simple moving average is $99.82. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.84 and a beta of 1.43.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for 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 company's revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 EPS. Sell-side analysts forecast that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. Oshkosh's dividend payout ratio is currently 21.79%.

About Oshkosh

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.

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