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

Clifford Swan Investment Counsel LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,677 shares of the specialty retailer’s stock after selling 420 shares during the period. Tractor Supply makes up about 1.2% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 18th biggest holding. Clifford Swan Investment Counsel LLC owned 0.13% of Tractor Supply worth $30,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TSCO. Commonwealth Equity Services LLC grew its stake in Tractor Supply by 6.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,532 shares of the specialty retailer’s stock worth $10,058,000 after buying an additional 2,901 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter worth approximately $202,000. Bailard Inc. boosted its stake in shares of Tractor Supply by 23.7% in the 3rd quarter. Bailard Inc. now owns 2,446 shares of the specialty retailer’s stock valued at $497,000 after purchasing an additional 469 shares in the last quarter. Hixon Zuercher LLC boosted its stake in shares of Tractor Supply by 1.8% in the 3rd quarter. Hixon Zuercher LLC now owns 5,257 shares of the specialty retailer’s stock valued at $1,067,000 after purchasing an additional 92 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC grew its holdings in shares of Tractor Supply by 0.8% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 6,762 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 4,335 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $257.00, for a total transaction of $1,114,095.00. Following the completion of the sale, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Kurt D. Barton sold 4,335 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.00, for a total value of $1,114,095.00. Following the completion of the transaction, the chief financial officer now directly owns 20,678 shares in the company, valued at approximately $5,314,246. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Colin Yankee sold 8,675 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $250.00, for a total value of $2,168,750.00. Following the sale, the executive vice president now owns 9,673 shares in the company, valued at $2,418,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,090 shares of company stock valued at $21,201,877. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TSCO shares. Raymond James boosted their price target on shares of Tractor Supply from $250.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Piper Sandler raised their price target on Tractor Supply from $265.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. The Goldman Sachs Group boosted their price objective on Tractor Supply from $230.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. UBS Group raised their target price on shares of Tractor Supply from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. Finally, Stephens lowered shares of Tractor Supply from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $226.00 to $240.00 in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Tractor Supply presently has an average rating of “Hold” and an average price target of $253.54.

Tractor Supply Stock Up 1.3 %

Shares of NASDAQ:TSCO traded up $3.51 during midday trading on Friday, reaching $270.21. The company’s stock had a trading volume of 1,135,143 shares, compared to its average volume of 1,174,176. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $255.80 and a 200-day moving average of $229.15. The firm has a market capitalization of $29.16 billion, a P/E ratio of 26.31, a PEG ratio of 3.41 and a beta of 0.82. Tractor Supply has a 12-month low of $185.00 and a 12-month high of $279.38.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.13. Tractor Supply had a net margin of 7.66% and a return on equity of 52.99%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Tractor Supply will post 10.3 earnings per share for the current year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.63%. This is an increase from Tractor Supply’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, February 23rd. Tractor Supply’s payout ratio is 42.84%.

Tractor Supply Company 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.