Tractor Supply Company $TSCO Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN cut its holdings in shares of Tractor Supply Company (NASDAQ:TSCO) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338,016 shares of the specialty retailer’s stock after selling 20,594 shares during the quarter. Tractor Supply accounts for 1.0% of Patten & Patten Inc. TN’s investment portfolio, making the stock its 22nd largest position. Patten & Patten Inc. TN’s holdings in Tractor Supply were worth $16,904,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TSCO. Garner Asset Management Corp acquired a new stake in Tractor Supply during the 4th quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new stake in Tractor Supply during the 4th quarter worth approximately $27,000. JPL Wealth Management LLC acquired a new stake in Tractor Supply during the 3rd quarter worth approximately $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Tractor Supply in the 4th quarter valued at approximately $35,000. Finally, First Horizon Corp purchased a new stake in shares of Tractor Supply in the 3rd quarter valued at approximately $44,000. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Trading Down 3.4%

Shares of NASDAQ:TSCO opened at $30.65 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $44.54 and its two-hundred day moving average is $50.15. The company has a market cap of $16.12 billion, a PE ratio of 15.02, a P/E/G ratio of 1.82 and a beta of 0.51. Tractor Supply Company has a 52 week low of $30.58 and a 52 week high of $63.99.

Tractor Supply (NASDAQ:TSCO) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Tractor Supply had a net margin of 6.91% and a return on equity of 42.58%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. Equities analysts predict that Tractor Supply Company will post 2.14 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were given a $0.24 dividend. This is a positive change from Tractor Supply’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.1%. Tractor Supply’s payout ratio is 47.06%.

Analyst Ratings Changes

A number of brokerages have commented on TSCO. Robert W. Baird set a $60.00 price objective on shares of Tractor Supply and gave the company an “outperform” rating in a research report on Friday, April 17th. UBS Group dropped their price objective on shares of Tractor Supply from $55.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research raised shares of Tractor Supply from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Mizuho dropped their price objective on shares of Tractor Supply from $58.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, Citigroup dropped their price objective on shares of Tractor Supply from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 1,884 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $53.81, for a total value of $101,378.04. Following the transaction, the chief financial officer directly owned 52,562 shares of the company’s stock, valued at $2,828,361.22. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan S. Estep sold 59,745 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $54.03, for a total transaction of $3,228,022.35. Following the completion of the transaction, the executive vice president directly owned 80,931 shares in the company, valued at $4,372,701.93. This trade represents a 42.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 135,749 shares of company stock valued at $7,354,514. Corporate insiders own 0.64% of the company’s stock.

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.