Bank of New York Mellon Corp Invests $93 Million in Oshkosh Corporation $OSK

Bank of New York Mellon Corp acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 605,914 shares of the company's stock, valued at approximately $92,996,000. Bank of New York Mellon Corp owned approximately 0.98% of Oshkosh at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Oshkosh by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock valued at $449,166,000 after buying an additional 46,306 shares during the period. LSV Asset Management grew its holdings in shares of Oshkosh by 0.9% during the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company's stock worth $240,427,000 after purchasing an additional 17,944 shares in the last quarter. Invesco Ltd. increased its position in shares of Oshkosh by 20.4% in the fourth quarter. Invesco Ltd. now owns 1,777,735 shares of the company's stock worth $223,337,000 after purchasing an additional 300,766 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock worth $193,728,000 after purchasing an additional 345,782 shares during the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in Oshkosh in the fourth quarter valued at approximately $175,882,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Stock Down 0.4%

Shares of NYSE OSK opened at $156.45 on Tuesday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.96 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The firm's fifty day moving average is $147.99 and its 200 day moving average is $148.33. Oshkosh Corporation has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $3.41 EPS. The company's revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, equities research analysts expect that Oshkosh Corporation will post 10.72 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh's dividend payout ratio (DPR) is presently 26.09%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OSK. Evercore reiterated an "outperform" rating and set a $181.00 target price on shares of Oshkosh in a research report on Monday, May 11th. DA Davidson upped their price objective on Oshkosh from $168.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Truist Financial boosted their target price on Oshkosh from $176.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Morgan Stanley cut their target price on Oshkosh from $157.00 to $150.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 12th. Finally, Zacks Research cut shares of Oshkosh from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.33.

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.

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