Brandywine Global Investment Management LLC Sells 3,147 Shares of Oshkosh Co. (NYSE:OSK)

Brandywine Global Investment Management LLC lessened its stake in shares of Oshkosh Co. (NYSE:OSK) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,134 shares of the company’s stock after selling 3,147 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Oshkosh worth $3,816,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. New Age Alpha Advisors LLC bought a new position in shares of Oshkosh during the fourth quarter valued at $3,860,000. Norges Bank bought a new position in Oshkosh during the 4th quarter valued at about $72,692,000. Congress Wealth Management LLC DE boosted its position in Oshkosh by 9.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,181 shares of the company’s stock valued at $588,000 after buying an additional 555 shares in the last quarter. Vanguard Group Inc. grew its stake in Oshkosh by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock worth $774,035,000 after buying an additional 176,400 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Oshkosh during the fourth quarter worth approximately $1,274,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Down 0.0 %

Shares of Oshkosh stock opened at $94.03 on Wednesday. The business has a fifty day simple moving average of $101.72 and a 200 day simple moving average of $102.23. The stock has a market cap of $6.07 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a 12 month low of $89.08 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) 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%. Research analysts predict that Oshkosh Co. will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.17%. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Raymond James increased their price target on Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. KeyCorp increased their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Evercore ISI lifted their price target on Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of Oshkosh from $135.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, UBS Group boosted their target price on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and an average target price of $124.38.

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.