Penobscot Investment Management Company Inc. Sells 6,050 Shares of Tractor Supply Company $TSCO

Key Points

• Penobscot Investment Management Company Inc. reduced its holdings in Tractor Supply Company (TSCO) by 19.6%, selling 6,050 shares and ending up with 24,815 shares valued at approximately $1,309,000.
• Several large investors, including Bison Wealth LLC and NBC Securities Inc., have significantly increased their stakes in Tractor Supply, resulting in institutional investors owning 98.72% of the company's stock.
• The company recently declared a quarterly dividend of $0.23, which reflects an annualized dividend yield of 1.6% with a payout ratio of 45.10%.

Penobscot Investment Management Company Inc. lowered its position in shares of Tractor Supply Company (NASDAQ:TSCO - Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,815 shares of the specialty retailer's stock after selling 6,050 shares during the period. Penobscot Investment Management Company Inc.'s holdings in Tractor Supply were worth $1,309,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TSCO. Bison Wealth LLC increased its holdings in shares of Tractor Supply by 356.1% in the fourth quarter. Bison Wealth LLC now owns 6,426 shares of the specialty retailer's stock worth $341,000 after buying an additional 5,017 shares during the period. NBC Securities Inc. increased its holdings in Tractor Supply by 180,400.0% during the 1st quarter. NBC Securities Inc. now owns 1,805 shares of the specialty retailer's stock valued at $99,000 after purchasing an additional 1,804 shares during the period. Merit Financial Group LLC increased its holdings in Tractor Supply by 20.9% during the 1st quarter. Merit Financial Group LLC now owns 29,689 shares of the specialty retailer's stock valued at $1,636,000 after purchasing an additional 5,125 shares during the period. RFG Advisory LLC purchased a new position in Tractor Supply during the 1st quarter valued at about $656,000. Finally, Procyon Advisors LLC grew its holdings in shares of Tractor Supply by 1.7% during the 1st quarter. Procyon Advisors LLC now owns 14,371 shares of the specialty retailer's stock worth $792,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 98.72% of the company's stock.

Insider Transactions at Tractor Supply

In other Tractor Supply news, Director Denise L. Jackson sold 4,630 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.93, for a total value of $258,955.90. Following the completion of the sale, the director owned 35,288 shares of the company's stock, valued at $1,973,657.84. This trade represents a 11.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan S. Estep sold 35,825 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $56.00, for a total transaction of $2,006,200.00. Following the completion of the sale, the executive vice president directly owned 74,605 shares of the company's stock, valued at approximately $4,177,880. The trade was a 32.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,500 shares of company stock worth $8,984,912 in the last quarter. Company insiders own 0.65% of the company's stock.

Tractor Supply Stock Down 0.7%

TSCO opened at $55.83 on Friday. The firm has a 50-day simple moving average of $59.45 and a two-hundred day simple moving average of $54.87. Tractor Supply Company has a 52 week low of $46.85 and a 52 week high of $63.99. The company has a market capitalization of $29.59 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.88 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Tractor Supply had a net margin of 7.18% and a return on equity of 46.83%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm earned $3.93 EPS. The business's revenue was up 4.5% on a year-over-year basis. Tractor Supply has set its Q3 2025 guidance at 2.000-2.180 EPS. Analysts forecast that Tractor Supply Company will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, August 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Tractor Supply's dividend payout ratio (DPR) is presently 45.10%.

Wall Street Analysts Forecast Growth

TSCO has been the topic of a number of research analyst reports. DA Davidson upped their target price on Tractor Supply from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Piper Sandler boosted their price target on Tractor Supply from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Robert W. Baird upped their price objective on Tractor Supply from $56.00 to $61.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Raymond James Financial reiterated an "outperform" rating and set a $65.00 target price (up from $57.00) on shares of Tractor Supply in a research note on Friday, July 25th. Finally, Wells Fargo & Company boosted their target price on shares of Tractor Supply from $63.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Tractor Supply presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.15.

About Tractor Supply

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.