Principal Financial Group Inc. Sells 67,115 Shares of Oshkosh Co. (NYSE:OSK)

Principal Financial Group Inc. reduced its position in Oshkosh Co. (NYSE:OSK) by 30.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,662 shares of the company’s stock after selling 67,115 shares during the period. Principal Financial Group Inc.’s holdings in Oshkosh were worth $15,098,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OSK. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Oshkosh in the 1st quarter valued at about $31,000. Bessemer Group Inc. raised its position in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after purchasing an additional 289 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after purchasing an additional 612 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of Oshkosh by 547.6% in the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OSK has been the subject of several research analyst reports. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Evercore ISI decreased their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $123.14.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $108.60 on Friday. The business has a 50-day simple moving average of $103.91 and a 200-day simple moving average of $107.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company has a market cap of $7.07 billion, a PE ratio of 10.54, a P/E/G ratio of 1.08 and a beta of 1.18. Oshkosh Co. has a one year low of $93.34 and a one year high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, equities research analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

About Oshkosh

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.