Flputnam Investment Management Co. Takes $1.10 Million Position in Tractor Supply Company $TSCO

Flputnam Investment Management Co. purchased a new position in shares of Tractor Supply Company (NASDAQ:TSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,727 shares of the specialty retailer’s stock, valued at approximately $1,098,000.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Tractor Supply during the fourth quarter worth approximately $303,862,000. Select Equity Group L.P. grew its position in Tractor Supply by 41.9% in the 2nd quarter. Select Equity Group L.P. now owns 12,713,409 shares of the specialty retailer’s stock worth $670,887,000 after purchasing an additional 3,753,414 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Tractor Supply during the second quarter valued at about $91,772,000. Invesco Ltd. increased its position 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 valued at $871,855,000 after purchasing an additional 2,706,819 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Tractor Supply by 37.1% in the 4th quarter. Franklin Resources Inc. now owns 7,705,579 shares of the specialty retailer’s stock valued at $385,356,000 after buying an additional 2,086,472 shares during the period. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho set a $28.00 price objective on shares of Tractor Supply and gave the stock a “neutral” rating in a report on Friday, July 24th. Wells Fargo & Company cut their target price on shares of Tractor Supply from $47.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings lowered Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Evercore reissued an “outperform” rating and set a $40.00 price objective on shares of Tractor Supply in a research note on Tuesday, July 7th. Finally, Raymond James Financial decreased their target price on Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Thirteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.31.

Tractor Supply Price Performance

Shares of TSCO opened at $34.68 on Tuesday. The company’s 50-day moving average is $31.48 and its 200-day moving average is $39.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm has a market capitalization of $18.19 billion, a PE ratio of 18.06, a PEG ratio of 11.66 and a beta of 0.47. Tractor Supply Company has a fifty-two week low of $28.36 and a fifty-two week high of $62.89.

Tractor Supply (NASDAQ:TSCO) last announced its 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 during 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 company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities analysts forecast that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a $0.24 dividend. The ex-dividend date 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 currently 50.00%.

Insider Activity at Tractor Supply

In other news, Director Edna Morris purchased 1,560 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $32.44 per share, with a total value of $50,606.40. Following the completion of the purchase, the director owned 279,720 shares of the company’s stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harry A. Lawton III acquired 15,600 shares of Tractor Supply stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $32.15 per share, for a total transaction of $501,540.00. Following the purchase, the chief executive officer owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 20,310 shares of company stock valued at $652,411 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

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.