5 Best Hardware Stocks To Buy Now

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In this article, we will discuss the 5 best hardware stocks to buy now. If you want to read our analysis of the hardware industry and explore similar stocks, you can go to 11 Best Hardware Stocks To Buy Now.

5. Tractor Supply Company (NASDAQ:TSCO)

Number of Hedge Fund Holders: 37

Tractor Supply Company (NASDAQ:TSCO) is a leading distributor of farming hardware, trucks, towing, and tool products. The company is committed to driving shareholder value. On November 2, Tractor Supply Company (NASDAQ:TSCO) declared a quarterly cash dividend of $0.92 per common share. The dividend was payable on December 6 to investors of record at the close of business on November 21. As of December 6, the stock is offering a forward dividend yield of 1.64% and has gained 7.97% over the past six months. Tractor Supply Company (NASDAQ:TSCO) is placed high among the best hardware stocks to buy now.

Analysts are bullish on Tractor Supply Company (NASDAQ:TSCO). On December 5, Wells Fargo analyst Zachary Fadem raised his price target on Tractor Supply Company (NASDAQ:TSCO) to $255 from $250 and maintained an Overweight rating on the shares.

At the close of Q3 2022, 37 hedge funds were long Tractor Supply Company (NASDAQ:TSCO) and disclosed positions worth $751 million in the company. Of those, Select Equity Group was the largest investor in the company and disclosed a position worth $412.9 million.

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