McGlone Suttner Wealth Management Inc. Reduces Stock Holdings in Oshkosh Co. (NYSE:OSK)

McGlone Suttner Wealth Management Inc. cut its holdings in shares of Oshkosh Co. (NYSE:OSK) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,539 shares of the company’s stock after selling 563 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Oshkosh were worth $384,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OSK. Uncommon Cents Investing LLC purchased a new position in Oshkosh in the 4th quarter valued at $243,000. Good Life Advisors LLC purchased a new position in Oshkosh in the 4th quarter valued at $1,097,000. IFG Advisory LLC grew its position in Oshkosh by 32.6% in the 4th quarter. IFG Advisory LLC now owns 44,178 shares of the company’s stock valued at $4,789,000 after buying an additional 10,849 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Oshkosh by 1,374.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after buying an additional 239,707 shares during the last quarter. Finally, Tributary Capital Management LLC grew its position in Oshkosh by 2.0% in the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after buying an additional 135 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OSK has been the subject of a number of recent analyst reports. UBS Group raised their target price on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. StockNews.com downgraded Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group raised their target price on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Truist Financial started coverage on Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 price target for the company. Finally, Morgan Stanley started coverage on Oshkosh in a research note on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.94.

Oshkosh Trading Up 1.0 %

OSK traded up $1.22 during midday trading on Thursday, hitting $124.77. The company’s stock had a trading volume of 506,582 shares, compared to its average volume of 522,747. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.18 billion, a P/E ratio of 13.74, a PEG ratio of 1.57 and a beta of 1.28. The firm has a 50-day moving average price of $112.76 and a two-hundred day moving average price of $103.33. Oshkosh Co. has a 52-week low of $72.09 and a 52-week high of $124.99.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.24 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. On average, research analysts anticipate that Oshkosh Co. will post 10.3 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s payout ratio is presently 20.26%.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Oshkosh 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.