McGlone Suttner Wealth Management Inc. Has $424,000 Holdings in Oshkosh Co. (NYSE:OSK)

McGlone Suttner Wealth Management Inc. grew its holdings in Oshkosh Co. (NYSE:OSK) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,457 shares of the company’s stock after purchasing an additional 228 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Oshkosh were worth $424,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after acquiring an additional 97,282 shares in the last quarter. AQR Capital Management LLC boosted its position in Oshkosh by 15.9% during the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock valued at $66,405,000 after purchasing an additional 85,698 shares during the last quarter. Edgestream Partners L.P. grew its stake in Oshkosh by 704.3% in the third quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after purchasing an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in Oshkosh in the 3rd quarter worth about $5,375,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Truist Financial decreased their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Finally, KeyCorp upgraded Oshkosh from a “sector weight” rating to an “overweight” rating and set a $113.00 price target for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus target price of $121.14.

Oshkosh Stock Performance

NYSE:OSK opened at $96.24 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The firm’s 50-day moving average is $100.55 and its 200-day moving average is $103.21. Oshkosh Co. has a 52-week low of $89.08 and a 52-week high of $127.98. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.01 and a beta of 1.21.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

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.