Principal Financial Group Inc. boosted its position in shares of Oshkosh Corporation (NYSE:OSK) by 93.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,678 shares of the company’s stock after purchasing an additional 287,560 shares during the period. Principal Financial Group Inc. owned 0.79% of Oshkosh Corporation worth $40,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in Oshkosh Corporation by 3.5% during the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after purchasing an additional 68 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Oshkosh Corporation by 2.2% during the first quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock valued at $295,000 after purchasing an additional 91 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Oshkosh Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 31,000 shares of the company’s stock worth $2,126,000 after buying an additional 94 shares during the last quarter. M&T Bank Corp lifted its position in shares of Oshkosh Corporation by 2.0% in the first quarter. M&T Bank Corp now owns 5,074 shares of the company’s stock worth $348,000 after buying an additional 100 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of Oshkosh Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after buying an additional 100 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on OSK shares. ValuEngine raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, June 8th. BidaskClub raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation cut Oshkosh Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $75.00 to $60.00 in a research report on Friday, July 7th. Finally, Zacks Investment Research cut Oshkosh Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $75.67.

Oshkosh Corporation (NYSE:OSK) opened at 73.75 on Thursday. Oshkosh Corporation has a 1-year low of $50.77 and a 1-year high of $77.20. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 21.88 and a beta of 1.77. The stock has a 50 day moving average price of $72.57 and a 200-day moving average price of $69.07.

Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts predict that Oshkosh Corporation will post $3.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. Oshkosh Corporation’s dividend payout ratio is presently 25.07%.

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In other news, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at $365,452.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ignacio A. Cortina sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.28, for a total transaction of $301,120.00. Following the transaction, the executive vice president now directly owns 11,778 shares in the company, valued at $886,647.84. The disclosure for this sale can be found here. Insiders have sold 50,533 shares of company stock worth $3,810,466 over the last ninety days. Insiders own 2.00% of the company’s stock.

About Oshkosh Corporation

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

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Institutional Ownership by Quarter for Oshkosh Corporation (NYSE:OSK)

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