Principal Financial Group Inc. lifted its stake in Oshkosh Corporation (NYSE:OSK) by 30.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 772,858 shares of the company’s stock after buying an additional 179,180 shares during the quarter. Principal Financial Group Inc. owned about 1.03% of Oshkosh Corporation worth $63,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Oshkosh Corporation by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock valued at $483,519,000 after purchasing an additional 251,809 shares during the period. JPMorgan Chase & Co. raised its stake in Oshkosh Corporation by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after purchasing an additional 1,063,971 shares during the period. Thrivent Financial For Lutherans raised its stake in Oshkosh Corporation by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock valued at $134,123,000 after purchasing an additional 6,350 shares during the period. Great West Life Assurance Co. Can raised its stake in Oshkosh Corporation by 2.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,662,764 shares of the company’s stock valued at $114,318,000 after purchasing an additional 41,578 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Oshkosh Corporation by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,573,659 shares of the company’s stock valued at $108,395,000 after purchasing an additional 70,315 shares during the period. 94.41% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Corporation (OSK) opened at $85.51 on Tuesday. The company has a market capitalization of $6,353.02, a P/E ratio of 20.02, a PEG ratio of 1.14 and a beta of 1.87. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh Corporation has a 1-year low of $61.74 and a 1-year high of $94.16.

Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. research analysts forecast that Oshkosh Corporation will post 4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a $0.24 dividend. This is a boost from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.12%. Oshkosh Corporation’s payout ratio is 22.34%.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Deutsche Bank AG lifted their target price on Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, KeyCorp reissued an “overweight” rating and set a $100.00 target price (up previously from $90.00) on shares of Oshkosh Corporation in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.85.

In related news, VP Colleen R. Moynihan sold 4,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total transaction of $350,480.00. Following the completion of the transaction, the vice president now owns 7,347 shares in the company, valued at approximately $643,744.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Colleen R. Moynihan sold 5,259 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $88.19, for a total value of $463,791.21. Following the transaction, the vice president now owns 4,647 shares of the company’s stock, valued at approximately $409,818.93. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Principal Financial Group Inc. Buys 179,180 Shares of Oshkosh Corporation (OSK)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/14/principal-financial-group-inc-buys-179180-shares-of-oshkosh-corporation-osk.html.

Oshkosh Corporation Company Profile

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.

Want to see what other hedge funds are holding OSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oshkosh Corporation (NYSE:OSK).

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

Receive News & Ratings for Oshkosh Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corporation and related companies with MarketBeat.com's FREE daily email newsletter.