Johnson Investment Counsel Inc. Sells 14,818 Shares of Tractor Supply Company $TSCO

Johnson Investment Counsel Inc. reduced its stake in Tractor Supply Company (NASDAQ:TSCO) by 54.1% during the second quarter, Holdings Channel.com reports. 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GKV Capital Management Co. Inc. boosted its stake in shares of Tractor Supply by 16.7% during the second quarter. GKV Capital Management Co. Inc. now owns 36,668 shares of the specialty retailer’s stock valued at $1,159,000 after purchasing an additional 5,247 shares during the period. Taylor Frigon Capital Management LLC increased its stake in shares of Tractor Supply by 3.9% in the second quarter. Taylor Frigon Capital Management LLC now owns 26,833 shares of the specialty retailer’s stock worth $848,000 after buying an additional 1,009 shares during the period. ABN Amro Investment Solutions increased its stake in shares of Tractor Supply by 57.7% in the second quarter. ABN Amro Investment Solutions now owns 29,237 shares of the specialty retailer’s stock worth $924,000 after buying an additional 10,695 shares during the period. Apollon Wealth Management LLC raised its holdings in Tractor Supply by 348.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 84,822 shares of the specialty retailer’s stock valued at $2,681,000 after buying an additional 65,911 shares during the last quarter. Finally, Confluence Wealth Services Inc. raised its holdings in Tractor Supply by 4.0% during the 2nd quarter. Confluence Wealth Services Inc. now owns 15,462 shares of the specialty retailer’s stock valued at $489,000 after buying an additional 592 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Performance

NASDAQ:TSCO opened at $36.17 on Friday. The stock 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. The firm’s fifty day simple moving average is $31.27 and its 200 day simple moving average is $39.37. Tractor Supply Company has a twelve month low of $28.36 and a twelve 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.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings data 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). Tractor Supply had a net margin of 6.42% and a return on equity of 41.74%. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts predict that Tractor Supply Company will post 1.93 EPS for the current year.

Tractor Supply Dividend Announcement

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

Insider Buying and Selling

In other news, Director Edna Morris acquired 1,560 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $32.44 per share, with a total value of $50,606.40. Following the transaction, the director owned 279,720 shares in the company, valued at $9,074,116.80. The trade was a 0.56% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $32.15 per share, for a total transaction of $501,540.00. Following the acquisition, the chief executive officer directly 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 purchased a total of 20,310 shares of company stock valued at $652,411 over the last three months. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TSCO shares. Piper Sandler set a $31.00 price target on shares of Tractor Supply and gave the company a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings cut shares of Tractor Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Raymond James Financial lowered their price objective on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Stephens dropped their target price on shares of Tractor Supply from $53.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reissued 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. Thirteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.31.

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.