Northwestern Mutual Wealth Management Co. Sells 15,824 Shares of Tractor Supply Company $TSCO

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,338 shares of the specialty retailer’s stock after selling 15,824 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tractor Supply were worth $2,129,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TSCO. BlackRock Inc. bought a new stake in shares of Tractor Supply during the 2nd quarter worth $1,500,967,000. Capital International Investors increased its holdings 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 worth $1,214,390,000 after buying an additional 902,659 shares during the last quarter. State Street Corp raised its position in Tractor Supply by 0.7% in 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 during the period. Invesco Ltd. raised its position in Tractor Supply by 18.4% in 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 during the period. Finally, Geode Capital Management LLC boosted its stake in Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer’s stock valued at $791,703,000 after acquiring an additional 184,457 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSCO. Weiss Ratings upgraded Tractor Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group restated a “buy” rating and issued a $38.00 target price (down from $43.00) on shares of Tractor Supply in a research note on Friday, July 24th. Raymond James Financial dropped their price target on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Mizuho set a $28.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Morgan Stanley restated a “negative” rating and issued a $35.00 price objective on shares of Tractor Supply in a research note on Friday, July 24th. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.31.

Insider Buying and Selling

In other Tractor Supply news, Director Edna Morris purchased 1,560 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at approximately $9,074,116.80. This represents a 0.56% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Harry Lawton, III purchased 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price 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 $501,540. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 20,310 shares of company stock worth $652,411 in the last 90 days. 0.64% of the stock is owned by company insiders.

Tractor Supply Stock Up 1.1%

TSCO opened at $34.99 on Friday. The company has a fifty day moving average price of $32.76 and a 200-day moving average price of $37.33. The firm has a market capitalization of $18.35 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 3.73 and a beta of 0.48. 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 $60.87.

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

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders 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 dividend yield of 2.7%. Tractor Supply’s dividend payout ratio is 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.