Clifford Swan Investment Counsel LLC Boosts Stake in Tractor Supply Company $TSCO

Clifford Swan Investment Counsel LLC lifted its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 641,378 shares of the specialty retailer’s stock after acquiring an additional 16,521 shares during the period. Clifford Swan Investment Counsel LLC owned approximately 0.12% of Tractor Supply worth $20,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Tractor Supply in the 2nd quarter worth approximately $1,500,967,000. Capital International Investors grew its position in Tractor Supply by 3.9% during the fourth quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer’s stock valued at $1,214,390,000 after acquiring an additional 902,659 shares during the last quarter. State Street Corp raised its stake in shares of Tractor Supply by 0.7% during the fourth quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer’s stock worth $1,152,819,000 after acquiring an additional 162,774 shares in the last quarter. Invesco Ltd. raised its stake in shares of Tractor Supply by 18.4% during the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer’s stock worth $871,855,000 after acquiring an additional 2,706,819 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Tractor Supply by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock worth $791,703,000 after acquiring an additional 184,457 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tractor Supply

In related news, Director Andre J. Hawaux purchased 3,150 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the acquisition, the director directly owned 3,150 shares in the company, valued at approximately $100,264.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the completion of the transaction, the chief executive officer owned 15,600 shares in the company, valued at approximately $501,540. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 20,310 shares of company stock worth $652,411 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSCO. DA Davidson cut their price objective on shares of Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Morgan Stanley reiterated a “negative” rating and issued a $35.00 target price on shares of Tractor Supply in a research report on Friday, July 24th. Telsey Advisory Group lowered their price target on shares of Tractor Supply from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. TD Cowen restated a “hold” rating on shares of Tractor Supply in a research report on Wednesday, July 15th. Finally, UBS Group set a $33.00 price objective on Tractor Supply and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.31.

Tractor Supply Trading Up 0.5%

TSCO opened at $34.90 on Tuesday. The business has a 50 day simple moving average of $32.41 and a two-hundred day simple moving average of $37.77. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 11.29 and a beta of 0.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. Tractor Supply Company has a one year low of $28.36 and a one year high of $62.87.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.Tractor Supply’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.