Clifford Swan Investment Counsel LLC Trims Stock Position in Tractor Supply (NASDAQ:TSCO)

Clifford Swan Investment Counsel LLC decreased its position in Tractor Supply (NASDAQ:TSCO) by 0.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,543 shares of the specialty retailer’s stock after selling 67 shares during the period. Tractor Supply accounts for about 1.4% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 13th biggest position. Clifford Swan Investment Counsel LLC owned approximately 0.13% of Tractor Supply worth $37,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital boosted its position in Tractor Supply by 3.6% during the 1st quarter. Wedmont Private Capital now owns 1,309 shares of the specialty retailer’s stock valued at $331,000 after acquiring an additional 45 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Tractor Supply by 998.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 109,403 shares of the specialty retailer’s stock valued at $23,525,000 after purchasing an additional 99,441 shares in the last quarter. Scotia Capital Inc. grew its stake in Tractor Supply by 792.9% in the fourth quarter. Scotia Capital Inc. now owns 19,438 shares of the specialty retailer’s stock valued at $4,180,000 after purchasing an additional 17,261 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Tractor Supply by 527.7% in the second quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock worth $7,155,000 after purchasing an additional 22,279 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Tractor Supply by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,804,873 shares of the specialty retailer’s stock valued at $2,753,432,000 after buying an additional 48,439 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TSCO shares. Wells Fargo & Company lifted their price objective on shares of Tractor Supply from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Truist Financial lifted their price target on shares of Tractor Supply from $289.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $280.00 price objective on shares of Tractor Supply in a report on Friday, July 26th. Evercore ISI dropped their target price on Tractor Supply from $290.00 to $280.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Tractor Supply in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply currently has an average rating of “Hold” and an average price target of $256.72.

Tractor Supply Stock Down 0.1 %

Shares of NASDAQ TSCO opened at $270.59 on Monday. The company has a current ratio of 1.43, a quick ratio of 0.25 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $265.32 and a 200 day moving average of $264.92. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $290.38. The stock has a market cap of $29.19 billion, a PE ratio of 26.35, a P/E/G ratio of 3.40 and a beta of 0.80.

Tractor Supply (NASDAQ:TSCO) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $3.93 EPS for the quarter, meeting the consensus estimate of $3.93. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Tractor Supply had a return on equity of 51.84% and a net margin of 7.65%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. As a group, sell-side analysts predict that Tractor Supply will post 10.23 EPS for the current fiscal year.

Tractor Supply Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, August 26th. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. Tractor Supply’s payout ratio is 42.84%.

Insider Activity at Tractor Supply

In other news, SVP Matthew L. Rubin sold 540 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now owns 5,170 shares of the company’s stock, valued at approximately $1,356,349.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by insiders.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.