OMNI 360 Wealth Inc. Takes $237,000 Position 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. bought a new position in Oshkosh Corporation (NYSE:OSK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,083 shares of the company's stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Oshkosh by 91.4% in the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares during the period. CX Institutional bought a new stake in shares of Oshkosh in the first quarter worth about $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the last quarter. Signaturefd LLC increased its holdings in Oshkosh by 88.7% during the 1st quarter. Signaturefd LLC now owns 636 shares of the company's stock valued at $60,000 after purchasing an additional 299 shares during the period. Finally, Brooklyn Investment Group raised its position in Oshkosh by 107.6% during the 1st quarter. Brooklyn Investment Group now owns 714 shares of the company's stock valued at $67,000 after purchasing an additional 370 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was 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 owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. The trade was 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 the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Oshkosh Stock Performance

OSK stock opened at $136.92 on Monday. The stock's 50 day simple moving average is $133.62 and its 200 day simple moving average is $110.38. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $144.30. The stock has a market capitalization of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $3.41 earnings per share 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 during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the firm earned $3.34 EPS. Oshkosh's revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

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

Analyst Ratings Changes

OSK has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. UBS Group set a $164.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Robert W. Baird boosted their price objective on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Evercore ISI restated an "outperform" rating on shares of Oshkosh in a report on Tuesday, August 19th. Finally, Zacks Research raised shares of Oshkosh from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Oshkosh has an average rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh 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.

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