Swiss National Bank lessened its stake in shares of Oshkosh Co. (NYSE:OSK – Get Rating) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 156,900 shares of the company’s stock after selling 2,700 shares during the period. Swiss National Bank’s holdings in Oshkosh were worth $12,888,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. CX Institutional purchased a new stake in shares of Oshkosh in the second quarter valued at $25,000. SeaCrest Wealth Management LLC acquired a new position in Oshkosh in the 2nd quarter valued at about $26,000. Eagle Bay Advisors LLC lifted its holdings in Oshkosh by 214.4% in the 1st quarter. Eagle Bay Advisors LLC now owns 481 shares of the company’s stock valued at $49,000 after purchasing an additional 328 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Oshkosh by 68.7% during the 1st quarter. North Star Investment Management Corp. now owns 506 shares of the company’s stock worth $51,000 after purchasing an additional 206 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Oshkosh during the second quarter worth about $60,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.
Analysts Set New Price Targets
OSK has been the topic of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Oshkosh from $89.00 to $104.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Morgan Stanley decreased their price objective on Oshkosh from $105.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Oshkosh from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Robert W. Baird decreased their price target on Oshkosh from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Finally, Citigroup upped their price objective on shares of Oshkosh to $95.00 in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.43.
Oshkosh Stock Up 0.8 %
Oshkosh Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. Oshkosh’s payout ratio is currently 108.03%.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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