M&T Bank Corp Sells 63,280 Shares of Tractor Supply Company $TSCO

Key Points

• M&T Bank cut its stake in Tractor Supply by 83.9% in Q4, selling 63,280 shares and now holds 12,135 shares valued at about $553,000.
• Insiders have been net sellers—222,348 shares (~$11.96M) sold in the last three months (including EVP Robert D. Mills' 62,950-share sale)—while institutional investors own 98.72% of the stock.
• Tractor Supply missed the latest quarter (EPS $0.31 vs. $0.35 est.; revenue $3.59B vs. $3.64B), set FY2026 EPS guidance of $2.13–$2.23 (consensus ~2.15), and raised its quarterly dividend to $0.24 (annualized $0.96, ~2.8% yield).

M&T Bank Corp decreased its position in Tractor Supply Company (NASDAQ:TSCO - Free Report) by 83.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,135 shares of the specialty retailer's stock after selling 63,280 shares during the period. M&T Bank Corp's holdings in Tractor Supply were worth $553,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Tractor Supply by 3.4% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 414,032 shares of the specialty retailer's stock valued at $20,905,000 after acquiring an additional 13,625 shares in the last quarter. Ticino Wealth bought a new stake in Tractor Supply in the 4th quarter valued at approximately $208,000. Smith Salley Wealth Management bought a new stake in Tractor Supply in the 4th quarter valued at approximately $892,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tractor Supply by 12.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 396,045 shares of the specialty retailer's stock valued at $19,806,000 after acquiring an additional 44,825 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Tractor Supply by 0.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 223,156 shares of the specialty retailer's stock valued at $11,335,000 after acquiring an additional 1,206 shares in the last quarter. Institutional investors own 98.72% of the company's stock.

Tractor Supply Price Performance

Shares of TSCO opened at $33.83 on Friday. The company has a market cap of $17.79 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.01 and a beta of 0.51. Tractor Supply Company has a 1-year low of $33.65 and a 1-year high of $63.99. The company's fifty day simple moving average is $45.80 and its 200 day simple moving average is $50.70. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.04). The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.64 billion. Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. On average, research analysts forecast that Tractor Supply Company will post 2.15 earnings per share for the current fiscal year.

Tractor Supply Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, February 24th. This is a boost from Tractor Supply's previous quarterly dividend of $0.23. Tractor Supply's payout ratio is presently 47.06%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of analyst reports. Gordon Haskett dropped their price objective on Tractor Supply from $50.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. TD Cowen reissued a "hold" rating and issued a $38.00 target price (down from $53.00) on shares of Tractor Supply in a research note on Monday. Citigroup lowered their target price on shares of Tractor Supply from $55.00 to $46.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Piper Sandler lowered their target price on shares of Tractor Supply from $59.00 to $51.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Finally, Mizuho lowered their target price on shares of Tractor Supply from $58.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, April 22nd. Fifteen research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Tractor Supply has a consensus rating of "Moderate Buy" and a consensus target price of $47.96.

Insider Buying and Selling at Tractor Supply

In related news, EVP Robert D. Mills sold 62,950 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $54.12, for a total transaction of $3,406,854.00. Following the transaction, the executive vice president directly owned 122,834 shares of the company's stock, valued at approximately $6,647,776.08. The trade was a 33.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Colin Yankee sold 11,170 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $55.35, for a total value of $618,259.50. Following the transaction, the executive vice president directly owned 45,515 shares in the company, valued at $2,519,255.25. The trade was a 19.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 222,348 shares of company stock worth $11,959,621 in the last three months. 0.64% of the stock is owned by insiders.

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.

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