Northern Trust Corp Buys 119,259 Shares of Oshkosh Co. (NYSE:OSK)

Northern Trust Corp boosted its stake in Oshkosh Co. (NYSE:OSK - Free Report) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 655,564 shares of the company's stock after purchasing an additional 119,259 shares during the quarter. Northern Trust Corp owned about 1.01% of Oshkosh worth $62,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OSK. Barclays PLC grew its holdings in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after purchasing an additional 32,435 shares during the period. Tidal Investments LLC grew its holdings in shares of Oshkosh by 8.3% in the 3rd quarter. Tidal Investments LLC now owns 10,841 shares of the company's stock valued at $1,086,000 after buying an additional 827 shares during the period. Franklin Resources Inc. bought a new stake in shares of Oshkosh in the 3rd quarter valued at $532,000. JPMorgan Chase & Co. raised its stake in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Oshkosh by 29.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company's stock worth $29,675,000 after acquiring an additional 71,911 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Wall Street Analyst Weigh In

OSK has been the topic of a number of research reports. Robert W. Baird cut their price target on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Raymond James lifted their price target on Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Bank of America upped their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Morgan Stanley lowered their price objective on shares of Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $112.64.

Oshkosh Price Performance

NYSE OSK traded up $0.78 during midday trading on Friday, hitting $91.95. The company had a trading volume of 660,562 shares, compared to its average volume of 615,545. The company has a market capitalization of $5.92 billion, a PE ratio of 8.88, a P/E/G ratio of 1.45 and a beta of 1.37. Oshkosh Co. has a twelve month low of $76.82 and a twelve month high of $123.25. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $90.46 and a 200-day moving average price of $98.97.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. Oshkosh's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.89 earnings per share. As a group, analysts anticipate that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's payout ratio is 21.79%.

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.