Federated Hermes Inc. Lowers Position in Oshkosh Co. (NYSE:OSK)

Federated Hermes Inc. reduced its position in Oshkosh Co. (NYSE:OSK) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,840 shares of the company’s stock after selling 358 shares during the quarter. Federated Hermes Inc.’s holdings in Oshkosh were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Oshkosh by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after acquiring an additional 176,400 shares during the period. Greenhaven Associates Inc. raised its holdings in Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock worth $242,629,000 after purchasing an additional 15,622 shares during the period. American Century Companies Inc. boosted its position in Oshkosh by 23.3% during the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock worth $193,031,000 after purchasing an additional 384,141 shares in the last quarter. Geode Capital Management LLC grew its holdings in Oshkosh by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 1,130,190 shares of the company’s stock valued at $107,479,000 after purchasing an additional 40,260 shares during the period. Finally, Norges Bank purchased a new stake in shares of Oshkosh in the fourth quarter valued at approximately $72,692,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of OSK stock opened at $84.42 on Friday. The firm’s 50-day moving average is $96.10 and its two-hundred 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 company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The company 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.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Analysts predict that Oshkosh Co. will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.42%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James lifted their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Oshkosh from $117.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday. Bank of America lifted their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group decreased their target price on Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Finally, KeyCorp dropped their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.62.

Oshkosh Company 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.