Northern Trust Corp Buys 19,118 Shares of Oshkosh Corporation $OSK

Key Points

• Northern Trust Corp increased its holdings in Oshkosh Corporation by 2.9%, owning 674,682 shares valued at approximately $63.5 million as of the latest SEC filing.
• Oshkosh Corporation reported a Q2 earnings per share of $3.41, exceeding analysts' expectations of $2.98, despite a year-over-year revenue decline of 4%.
• The company announced a quarterly dividend of $0.51 per share, representing a yield of 1.4%, set to be paid on September 2nd.

Northern Trust Corp lifted its position in Oshkosh Corporation (NYSE:OSK - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 674,682 shares of the company's stock after acquiring an additional 19,118 shares during the period. Northern Trust Corp owned about 1.05% of Oshkosh worth $63,474,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OSK. Price T Rowe Associates Inc. MD increased its position in shares of Oshkosh by 9.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,625 shares of the company's stock worth $3,578,000 after acquiring an additional 3,304 shares in the last quarter. Tudor Investment Corp ET AL increased its position in shares of Oshkosh by 44.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 87,049 shares of the company's stock worth $8,276,000 after acquiring an additional 26,910 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Oshkosh in the fourth quarter worth approximately $3,894,000. Voleon Capital Management LP purchased a new position in shares of Oshkosh in the fourth quarter worth approximately $789,000. Finally, Rehmann Capital Advisory Group increased its position in shares of Oshkosh by 9.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,844 shares of the company's stock worth $651,000 after acquiring an additional 585 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the business's stock in a transaction 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 completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at approximately $1,468,129.83. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction on 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 $1,906,935.48. The trade was a 22.58% 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Wall Street Zen raised shares of Oshkosh from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. The Goldman Sachs Group raised shares of Oshkosh from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Down 2.8%

NYSE OSK traded down $3.97 during trading on Friday, reaching $139.19. The company's stock had a trading volume of 877,534 shares, compared to its average volume of 766,277. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $8.91 billion, a PE ratio of 13.98, a PEG ratio of 1.78 and a beta of 1.43. The business has a 50-day moving average price of $128.60 and a 200-day moving average price of $107.93. Oshkosh Corporation has a 1-year low of $76.82 and a 1-year high of $144.30.

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

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be 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 is Tuesday, August 19th. Oshkosh's payout ratio is presently 20.48%.

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.