Glenview Trust Co Invests $564,000 in Tractor Supply Company $TSCO

Glenview Trust Co acquired a new position in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,836 shares of the specialty retailer’s stock, valued at approximately $564,000.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC acquired a new stake in Tractor Supply during the second quarter worth approximately $2,455,000. United Capital Financial Advisors LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $1,929,000. Dearborn Partners LLC acquired a new stake in Tractor Supply in the second quarter valued at approximately $2,864,000. Old North State Trust LLC bought a new stake in shares of Tractor Supply during the second quarter valued at approximately $212,000. Finally, Equitable Holdings Inc. acquired a new position in shares of Tractor Supply during the second quarter worth approximately $502,000. 98.72% of the stock is owned by institutional investors.

Insider Activity at Tractor Supply

In other Tractor Supply news, Director Andre J. Hawaux bought 3,150 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the completion of the transaction, the director directly owned 3,150 shares of the company’s stock, valued at $100,264.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Harry A. Lawton III bought 15,600 shares of Tractor Supply stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $32.15 per share, with a total value of $501,540.00. Following the purchase, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at approximately $501,540. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 20,310 shares of company stock worth $652,411. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TSCO shares. Citigroup reaffirmed a “buy” rating on shares of Tractor Supply in a research note on Thursday, July 16th. Raymond James Financial dropped their price target on shares of Tractor Supply from $48.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. DA Davidson decreased their price objective on Tractor Supply from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, June 22nd. UBS Group set a $33.00 price objective on Tractor Supply and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, TD Cowen restated a “hold” rating on shares of Tractor Supply in a report on Wednesday, July 15th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average target price of $39.31.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $34.72 on Friday. The stock has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $38.02. Tractor Supply Company has a 1-year low of $28.36 and a 1-year high of $62.87. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 11.29 and a beta of 0.47. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83.

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

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 24th. Tractor Supply’s payout ratio is currently 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.