Honeywell International Inc. cut its position in Tractor Supply (NASDAQ:TSCO) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 305,000 shares of the specialty retailer’s stock after selling 93,300 shares during the period. Honeywell International Inc.’s holdings in Tractor Supply were worth $22,799,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in TSCO. Dimensional Fund Advisors LP increased its holdings in shares of Tractor Supply by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 513,263 shares of the specialty retailer’s stock valued at $27,821,000 after purchasing an additional 27,950 shares during the period. Toronto Dominion Bank grew its holdings in Tractor Supply by 23.5% during the second quarter. Toronto Dominion Bank now owns 43,580 shares of the specialty retailer’s stock worth $2,362,000 after acquiring an additional 8,300 shares during the period. Sentry Investment Management LLC grew its holdings in Tractor Supply by 3.1% during the second quarter. Sentry Investment Management LLC now owns 8,957 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 268 shares during the period. Achmea Investment Management B.V. grew its holdings in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the period. Finally, Shell Asset Management Co. grew its holdings in Tractor Supply by 24.0% during the third quarter. Shell Asset Management Co. now owns 19,461 shares of the specialty retailer’s stock worth $1,197,000 after acquiring an additional 3,766 shares during the period. 87.83% of the stock is currently owned by institutional investors and hedge funds.
TSCO has been the topic of several analyst reports. TheStreet raised Tractor Supply from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Robert W. Baird reaffirmed a “buy” rating and set a $66.00 target price on shares of Tractor Supply in a report on Friday, November 10th. BidaskClub raised Tractor Supply from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research raised Tractor Supply from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, December 26th. Finally, Northcoast Research reaffirmed a “buy” rating on shares of Tractor Supply in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.85.
Tractor Supply (TSCO) opened at $67.32 on Tuesday. The stock has a market capitalization of $8,453.00, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. The company has a current ratio of 1.95, a quick ratio of 0.24 and a debt-to-equity ratio of 0.31. Tractor Supply has a 1 year low of $49.87 and a 1 year high of $82.68.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.93 billion. Tractor Supply had a return on equity of 30.81% and a net margin of 5.82%. Tractor Supply’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. equities analysts forecast that Tractor Supply will post 4.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Tractor Supply’s dividend payout ratio is currently 32.73%.
Tractor Supply Company Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
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