Honeywell International Inc. Buys New Stake in Tractor Supply Company (TSCO)
Honeywell International Inc. bought a new stake in Tractor Supply Company (NASDAQ:TSCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 398,000 shares of the specialty retailer’s stock, valued at approximately $21,576,000. Honeywell International Inc. owned 0.31% of Tractor Supply at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Tractor Supply by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,348,781 shares of the specialty retailer’s stock valued at $851,697,000 after buying an additional 341,446 shares in the last quarter. BlackRock Inc. raised its stake in Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock valued at $540,419,000 after buying an additional 7,577,362 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Tractor Supply by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 6,386,058 shares of the specialty retailer’s stock valued at $440,447,000 after buying an additional 425,355 shares in the last quarter. State Street Corp raised its stake in Tractor Supply by 4.2% in the first quarter. State Street Corp now owns 5,695,059 shares of the specialty retailer’s stock valued at $392,790,000 after buying an additional 230,443 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Tractor Supply by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,098,428 shares of the specialty retailer’s stock valued at $282,669,000 after buying an additional 326,235 shares in the last quarter. 91.37% of the stock is owned by institutional investors.
Shares of Tractor Supply Company (NASDAQ TSCO) opened at 56.99 on Monday. Tractor Supply Company has a 12 month low of $49.87 and a 12 month high of $87.57. The company has a market capitalization of $7.31 billion, a P/E ratio of 17.22 and a beta of 1.32. The company has a 50-day moving average price of $53.36 and a 200-day moving average price of $63.42.
Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by $0.02. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts forecast that Tractor Supply Company will post $3.25 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on TSCO shares. TheStreet lowered shares of Tractor Supply from a “b” rating to a “c+” rating in a report on Wednesday, April 12th. Piper Jaffray Companies set a $55.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a report on Tuesday, July 25th. UBS AG lowered shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a report on Thursday, May 4th. BidaskClub raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, BMO Capital Markets increased their price objective on shares of Tractor Supply from $57.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Nineteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tractor Supply has an average rating of “Hold” and a consensus price target of $74.91.
About Tractor Supply
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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