OMNI 360 Wealth Inc. Makes New Investment in Oshkosh Corporation $OSK

Key Points

• OMNI 360 Wealth Inc. has invested approximately $237,000 in Oshkosh Corporation, acquiring 2,083 shares of the company's stock during the second quarter.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, reflecting a 1.5% yield and a dividend payout ratio of 20.48%.
• Analysts have given Oshkosh an average rating of "Moderate Buy", with recent price targets ranging from $140.00 to $188.00.

OMNI 360 Wealth Inc. acquired a new stake in shares of Oshkosh Corporation (NYSE:OSK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,083 shares of the company's stock, valued at approximately $237,000.

A number of other institutional investors also recently modified their holdings of OSK. Captrust Financial Advisors increased its stake in shares of Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after purchasing an additional 122 shares during the last quarter. Parallel Advisors LLC increased its holdings in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Oshkosh by 3.9% in the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock valued at $433,000 after acquiring an additional 171 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares during the last quarter. Finally, US Bancorp DE increased its position in Oshkosh by 6.3% during the 1st quarter. US Bancorp DE now owns 3,202 shares of the company's stock valued at $301,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on OSK. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and upped their target price for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. Bank of America lifted their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. Wall Street Zen upgraded Oshkosh from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Finally, Truist Financial raised shares of Oshkosh from a "hold" rating to a "buy" rating and lifted their target price for the stock from $93.00 to $127.00 in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average target price of $138.08.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares in the company, valued at approximately $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Oshkosh Stock Down 1.6%

NYSE:OSK traded down $2.24 during trading hours on Friday, hitting $134.03. 194,684 shares of the company's stock traded hands, compared to its average volume of 751,434. The firm has a market cap of $8.58 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.66 and a beta of 1.49. The stock's fifty day moving average price is $134.40 and its two-hundred day moving average price is $111.21. Oshkosh Corporation has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company earned $3.34 EPS. Oshkosh's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's payout ratio is presently 20.48%.

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.