Johnson Investment Counsel Inc. Trims Position in Tractor Supply Company $TSCO

Johnson Investment Counsel Inc. cut its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 54.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,550 shares of the specialty retailer’s stock after selling 14,818 shares during the period. Johnson Investment Counsel Inc.’s holdings in Tractor Supply were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSCO. JPL Wealth Management LLC bought a new position in shares of Tractor Supply in the third quarter valued at approximately $28,000. Garner Asset Management Corp purchased a new position in Tractor Supply during the fourth quarter valued at approximately $25,000. Reflection Asset Management bought a new stake in Tractor Supply during the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. Finally, Bayban bought a new stake in Tractor Supply during the 4th quarter worth approximately $28,000. 98.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tractor Supply news, CEO Harry A. Lawton III acquired 15,600 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer owned 15,600 shares in the company, valued at $501,540. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This represents a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 20,310 shares of company stock valued at $652,411. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Loop Capital cut their price target on shares of Tractor Supply from $41.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, June 16th. Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. Zacks Research downgraded Tractor Supply from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. 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. Finally, Wolfe Research set a $34.00 target price on Tractor Supply in a research report on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.31.

Tractor Supply Trading Down 0.7%

Shares of TSCO stock opened at $36.17 on Friday. The business has a 50-day moving average price of $31.27 and a two-hundred day moving average price of $39.37. Tractor Supply Company has a 12-month low of $28.36 and a 12-month high of $62.89. The company has a quick ratio of 0.23, a current ratio of 1.33 and a debt-to-equity ratio of 0.83. The firm has a market cap of $18.97 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 11.85 and a beta of 0.47.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm 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%. Tractor Supply’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts anticipate that Tractor Supply Company will post 1.93 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 24th. Tractor Supply’s dividend payout ratio (DPR) is presently 50.00%.

About Tractor Supply

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.