Franklin Resources Inc. Sells 671 Shares of Oshkosh Co. (NYSE:OSK)

Franklin Resources Inc. lowered its position in Oshkosh Co. (NYSE:OSK) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,425 shares of the company’s stock after selling 671 shares during the period. Franklin Resources Inc.’s holdings in Oshkosh were worth $421,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OSK. Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after purchasing an additional 176,400 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.6% in the fourth quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after buying an additional 15,622 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oshkosh by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after acquiring an additional 10,357 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Oshkosh in the 4th quarter worth about $72,692,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

OSK has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Oshkosh from $110.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group decreased their price target on Oshkosh from $137.00 to $97.00 and set a “buy” rating for the company in a report on Monday, April 7th. Bank of America raised their price objective on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Citigroup reduced their target price on shares of Oshkosh from $130.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James boosted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.62.

Oshkosh Trading Down 0.1 %

NYSE:OSK opened at $84.42 on Friday. The firm’s 50 day moving average is $96.10 and its 200 day moving average is $100.65. Oshkosh Co. has a 12 month low of $76.82 and a 12 month high of $125.00. The stock has a market capitalization of $5.46 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is 19.71%.

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.