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

McGlone Suttner Wealth Management Inc. trimmed its stake in shares of Oshkosh Co. (NYSE:OSK) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in OSK. Geode Capital Management LLC increased its holdings in Oshkosh by 3.6% during the second quarter. Geode Capital Management LLC now owns 954,981 shares of the company’s stock valued at $82,692,000 after buying an additional 33,470 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Oshkosh by 92.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock valued at $2,138,000 after buying an additional 10,770 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Oshkosh by 38.8% during the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after buying an additional 34,325 shares during the last quarter. Greenhaven Associates Inc. increased its holdings in Oshkosh by 0.5% during the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Oshkosh by 10.9% during the third quarter. LSV Asset Management now owns 361,988 shares of the company’s stock valued at $34,545,000 after buying an additional 35,488 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The shares were 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 is available at this link. 0.64% of the stock is currently owned by company insiders.

Oshkosh Trading Up 1.0 %

Shares of Oshkosh stock traded up $1.22 during trading on Thursday, hitting $124.77. The stock had a trading volume of 506,582 shares, compared to its average volume of 522,747. The firm’s fifty day simple moving average is $112.76 and its 200-day simple moving average is $103.33. The stock has a market cap of $8.18 billion, a PE ratio of 13.74, a PEG ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. Oshkosh Co. has a 12 month low of $72.09 and a 12 month high of $124.99.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business earned $1.60 EPS. The business’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that Oshkosh Co. will post 10.3 EPS for the current fiscal year.

Oshkosh Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Stifel Nicolaus upped their price target on shares of Oshkosh from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. DA Davidson upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and upped their price target for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. Finally, TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.94.

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.